Four of the ‘big five’ banks are refusing to offer ‘no quibble’ refunds to customers mis-sold payment protection insurance.
On Monday, Barclays revealed its customers are to share in a 1 billion compensation pay-out after agreeing to hand back cash it made in a mass rip-off on payment protection insurance.
Those who complained about being mis-sold the loan protection cover before April 20 this year will get their money back, plus 8 pc interest.
Slow progress: The Financial Services Authority say complaints put on hold during the banks’ failed legal challenge should receive a decision by August 31
The decision to offer refunds on a no-quibble basis has put pressure on the other banks and finance giants to follow suit.
But Lloyds Banking Group, RBS/NatWest, HSBC and Santander told Money Mail they will not be making the same commitment to customers. They say th
Tags: No Quibble, Refunds
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