PPI – the mass payback isn’t yet complete

The deadline for reclaiming Payment Protection Insurance (PPI) has long since passed, but there are still potential refunds to be claimed. Banks in the UK have refunded more than £38 billion to 12 million customers so far, and the sheer weight of customers making claims for mis-sold PPI – and registering their claims before the […]

Payday lenders set for testing time

Payday lenders could be facing further legal action after the High Court delivered a verdict on repeat borrowing.  A test case for regulations covering irresponsible lending found that a payday loan form breached their obligations by allowing customers to repeatedly borrow money.  It found that such continuous borrowing can be an accurate indicator of financial health and that lenders’ failure to […]