Barclays to compensate PPI customers
Barclays has announced it will pay out compensation to everyone it sold payment protection insurance to if their complaint for mis-sold PPI was made before 20th April.
Deprecated: trim(): Passing null to parameter #1 ($string) of type string is deprecated in C:\inetpub\wwwroot\2025.financialreporter.co.uk\htdocs\templates\front-end\partials\article_blockquote.php on line 2
Which? chief executive, Peter Vicary-Smith, says:
"Banks have a lot to do to re-build their reputation after over a decade of mis-selling PPI and then mishandling complaints about it. It's fantastic to see Barclays stepping up in this way, acknowledging their mistakes and refunding customers what they're owed, no questions asked.
"Hopefully this will have a domino effect and other banks will follow suit - the sooner the banking industry can consign the PPI mis-selling scandal to the history books, the better."
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
This week's biggest stories:
Iress
Iress announces major upgrade to Xplan Mortgage platform
Mortgage Rates
Barclays relaunches sub-4% mortgage rate
Lloyds
Lloyds partners with Connells and LMS to launch fully digital homebuying journey
FCA
FCA sued over compensation scheme that 'significantly underestimates harm'
Mortgages
Mortgage affordability at tightest level since 2008: UK Finance
FCA
FCA announces changes to streamline senior managers regime
