PPI Tops Watchdog's Complaints As Clock Ticks On Claims

Law360, London (August 21, 2019, 5:48 PM BST) -- Complaints about improperly sold payment protection insurance made up the majority of claims consumers made to the Financial Ombudsman Service between April and June as the deadline for filing grievances looms.

Some 44% of all claims received in the second quarter of the year by the ombudsman, which deals with complaints that financial services providers have been unable to settle themselves, were related to PPI claims, data published Wednesday shows. High-cost consumer credit made up a large chunk of the remaining claims, driven by payday loans.

Consumers with PPI complaints have until Aug. 29 to seek redress under the Financial Conduct...

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