MSE News: Banks put PPI claims on hold in defiance of regulator

A question about : MSE News: Banks put PPI claims on hold in defiance of regulator

This is the discussion thread for the following MSE News Story:
Read the updated stories:

Banks join Lloyds in freezing PPI claims

and

Santander takes consumer side in PPI battle

Also see the original story:

Lloyds puts PPI claims on hold in defiance of regulator

Best answers:

• Wow.
  Surely there must be some misunderstanding... What happens if the FSA terminates their trading license?
• Defiant and certainly not a good example....
  Wrong, wrong, wrong
  This is like teaching anyone that does not agree with something that they can take the law into their own hands????
• I am pretty disappointed about this. Just had a letter from Halifax 2 weeks ago saying that they are processing my PPI mis-selling complaint. Guess this is on hold now.
• No wonder LTSB haven't sent me amy money! They received my acceptance in August but I haven't heard anything from them so far!
• I am very confused. The banks are seeking a judicial review of the new rules - right? So the High Court is just looking at the moment on whether a judicial review can be granted? That's all? So how on earth Lloyds Bank can use the legal argument when the court is just deciding on if a legal case can be allowed is beyond me! Does this make sense?
• https://www.insurancetimes.co.uk/stor...ode=387172&c=1
• Another kick in the nuts for all of us who are trying and hoping for a result. It now puts my three years of waiting as a complete and utter waste of my time and energy. I am so upset. I am not feeling emotional just bloudy well ENRAGED that these b******s can push and pull all of us round without any impunity whatsoever. I shall be sending another email (this will be the third one) to Eric Daniels - head of Lloyds - as at least I dont have to lick a stamp or envelope (too much energy) and I shall report back to tell you what one of his minions (it wont be him as he no doubt will be in Maldives sipping champagne and boasting of a result for the bank) says in his place.
  I am sorry to sound so scathing its just that I am SOOO ANGRY - but I have no where to vent my anger - so you guys are getting it instead!
  Mrs s x
• My sentiments exactly mrs s. It seems they can get away with any bl**dy thing just lately. Really considering having a look into other options as to where else to put my money - like a credit union.
• or under the freakin mattress for that matter
• I spoke to the bank yesterday morning who said i should receive in excess of Ј6000 within 7 days. I have not yet got this in writing so im guessing i now wont get it.
  I will phone them again later then go from there, will let you know what response i get.
• I think ongoing payments are still going to be issued.
  Ring them to double check on this because these were resolved before all this come about and frozen.
  Good luck.
  PS, read Marshallka's post above X
• God your lucky (if thats the word) to even get a phone call!! My claim has been and consistently been not only genuine but hard fought for - for three years FGS. And I still dont have a result. Not likely now I think. It would be nice for someone to communicate with me personally instead of reading it in the media. I am a real human being with money problems DUE to their incompetance and now they have thrown it all back in my face and laughed whilst they did it (well, I just assumed there would be alot of hand-shaking and backslapping in the boardroom after that announcement).
  It just takes my breath away that we ordinary people just lie down and have our tummies tickled whilst these people rob us blind and still there is NOTHING WE CAN DO.
  I am truly truly disgusted with this lot and the new bank I am with is now charging Ј27.50 for going pennies over overdraft DUE to my employers cocking up my wages this month. So without exception they are ALL as bad as eachother.
  Mrs s x