The Financial Services Authority has recently fined many banks and companies hundreds of thousands of pounds for mis-selling PPI to consumers. Recent estimates also say that up to £4 Billion could be paid out in compensation and refunds over the next few years. The FSA has also issued new guidance to make sure that compensation claims are handled effectively and efficiently.
The list of lenders that have mis-sold payment protection includes; Barclays, Lloyds TSB, Abbey, Santander, First Plus, Halifax, Nationwide, Marks & Spencer, Alliance & Leicester and many more.
