Thread: Just off Sky News Alliance and Leicester fined £7M for serious failing in telephone sales of PPI

Hello just heard this on Sky News.

Biggest fine by FSA so far. £7,000,000 against Alliance and Leicester.

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Another link from Times online....

A&L fined record £7 million for mis-selling - Times Online

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They had it coming...

Hello hhnf,

Really good to see the FSA doing something, but there are other bigger financial institutes that are much much worse.

AA we are dealing with two of them Yes we are and successfully we hope!

What I think is interesting is that they state the mis-selling took place between 2005 and 2007. It has gone on for years before this and they have got away with this, due to the fsa only regulating from 2005, before this they are not interested I agree but the one thing is, the fos will look at claims before this time, especially if they see refinance after refinance and the PPI were single premiums with little or no rebate on settlement.

Oh well onwards and upwards:grin:

So it is extremely dissapointing to see the banks are being baled out by us when they make life so difficult for us when we shout foul. I haven't had a call from my friendly customer advisor for over 10 months now and they used to call every month to see if they could help me out.

So much for Customer Care

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