[ad_1]\n<\/p>\n
Legal judgments have ruled that customers can claim 100% of the PPI cost back because commission levels were unfair.<\/p>\n
But claimants wishing to recoup this money have to make a Data Subject Access Request to find out how much-undisclosed commission was levied as a first step towards bringing a claim.<\/p>\n
Requests are often taking months to answer as banks are accused of deliberately sitting on a huge backlog of DSARs.<\/p>\n
A letter to banks by MPs on the All Party Parliamentary Group on Fair Business Banking said such delays could be in breach of laws surrounding the DSARs.<\/p>\n
It said: \u201cThere are real concerns that some banks may be deliberately delaying their responses to frustrate and stifle claims.\u201d<\/p>\n<\/div>\n
It is estimated that such claims could cost banks \u00a318billion in compensation, on top of roughly \u00a340billion paid out to date.<\/p>\n
William Wragg MP, co-chair of the APPG on Fair Business Banking, said: \u201cIf it turns out that banks are acting as a block to the proper legal process it would be a concern to us all.<\/p>\n
\u201cWhether the claim relates to PPI, swap mis-selling or any other matter, the legal process must not be stifled or delayed in any way.\u201d<\/p>\n
The fresh wave of PPI claims comes after it emerged that for more than a decade banks and credit card companies charged their customers commissions of up to 95%.<\/p>\n<\/div>\n
Law firm Harcus Parker last month launched a group legal claim that aims to help millions of PPI customers.<\/p>\n
More than 350,000 people have already signed up.<\/p>\n
Damon Parker, senior partner, said: \u201cBanks are playing fast and loose with the law. In many cases they either require or request that customers make DSARs before launching their claims.<\/p>\n
\u201cThen they just sit on the requests, for months, even years. It is an outrageous abuse of the system and individuals\u2019 rights.\u201d<\/p>\n<\/div>\n[ad_2]\n","protected":false},"excerpt":{"rendered":"
[ad_1] Legal judgments have ruled that customers can claim 100% of the PPI cost back because commission levels were unfair. But claimants wishing to recoup this money have to make a Data Subject Access Request to find out how much-undisclosed commission was levied as a first step towards bringing a claim. Requests are often taking …<\/p>\n","protected":false},"author":1,"featured_media":10504,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/posts\/10503"}],"collection":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/comments?post=10503"}],"version-history":[{"count":0,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/posts\/10503\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/media\/10504"}],"wp:attachment":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/media?parent=10503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/categories?post=10503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/tags?post=10503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}