Archive for July, 2008
£840,000 fine for LV for mis-selling PPI
Liverpool Victoria (LV=) Banking Services (LVBS) has been fined £840,000 by the FSA for mis-leading customers on the sale of Payment Protection Insurance (PPI).
The penalty was imposed for “failings in relation to PPI offered to customers who telephoned LVBS seeking unsecured personal loans between 14 January 2005 and 8 August 2007.”
According to the FSA, when […]
Posted: July 31st, 2008 under News.
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Lloyds TSB ‘hammers’ customers with hefty bank charges
Lloyds TSB charges customers who go into the red with a massive £165 charge, according to research from Moneynet.co.uk.
This month, the OFT announced that banks are making £8.3billion a year from unfair bank charges, but Moneynet.co.uk’s Andrew Hagger says that is only telling half the story.
“The OFT’s research does not really tell us anything we […]
Posted: July 25th, 2008 under News.
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