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20 Sep 19

Over £36 billion paid out for mis-sold PPI (including administrative costs)

So far, Lenders have paid out more than £36 billion to customers who complained about the way they were sold PPI, as reported by the Regulator.

Following an influx of complaints both on the PPI deadline day and in the weeks leading up to it, Lenders are said to be assessing costs with some expected to announce fresh provisions to cover the volume of complaints received.

 

Sources:
https://www.fca.org.uk/data/monthly-ppi-refunds-and-compensation
https://www.bbc.co.uk/news/business-49592643