LONDON, Oct 4 (Reuters) - Royal Bank of Scotland (RBS) on Wednesday lost two lawsuits over unfair commissions that were charged to customers who were sold payment protection insurance (PPI), ...

The payment-protection insurance scandal of the past few years in the United Kingdom generated a number of important industry lessons, particularly the need for better reaction to consumer feedback, ...

BRITS ripped-off in the PPI scandal have launched a new legal claim that could cost the banks up to £18billion. The Sun can reveal legal papers were filed on Friday afternoon in Birmingham County ...

LONDON, Sept 26 (Reuters) - Britain's financial watchdog threatened higher fines and unannounced swoops on firms on Wednesday after a probe into the sale of payment protection insurance found firms ...

RICHMOND, Va.--(BUSINESS WIRE)-- Genworth Financial, Inc. (GNW) today issued a statement in response to a UK High Court judgment in favor of AXA in the legal proceedings against Santander companies ...

Banks will pay out “substantially less” compensation for hidden commission in car finance loans than they did during the Payment Protection Insurance scandal, according to Nikhil Rathi, chief ...

The Financial Services Authority (FSA) has published the findings of its latest review of Payment Protection Insurance (PPI) selling standards. They show improvements in some areas, but also that many ...

Clifford Chance (CC) has won an appeal for Barclays against a decision by the Competition Commission to ban the sale of payment protection insurance (PPI) alongside credit cards and loans. The magic ...

The FINANCIAL — Barclays has decided not to appeal against the recent High Court ruling on Payment Protection Insurance (PPI). It will now begin to process all on-hold and any new complaints from ...