Alliance and Leicester fined a record £7m
October 2008

The Alliance and Leicester Bank, now part of Banco Santander, was fined a record £7m by the Financial Services Authority for the mis-selling of payment protection insurance (PPI). This is the largest fine the FSA have ever handed down for this kind of offence. Margaret Cole, director of enforcement at the FSA, said: "The failings at A&L are the most serious we have found. This is reflected in the record PPI fine."
www.fsa.gov.uk »

Borrower suspends payments on loans
September 2008

Mr G had a problem with his lender for charging interest on Payment Protection Insurance (PPI) which is in contravention to the Consumer Credit Act 1974. His solicitors, Turner Coulston advised him to suspend payments on his loan whilst they sued the lender. On the eve of the hearing the lender agreed to settle and Mr G did not have to pay the balance of his loan which was £5430.

Loan agreement unenforceable, possession order suspended
August 2008

Mr W was on the point of eviction from his house after a judgement was obtained against him and an order for possession obtained by the lender. Turner Coulston argued that the lender’s loan agreement was unenforceable and the lender has agreed to withdraw the possession order.

FSA fines HFC Bank
January 2008

FSA fines HFC Bank £1.085m for Personal Protection Insurance (PPI) failings. The fine was imposed due to the failure in controlling the selling of PPI to consumers. FSA Director of Enforcement Margaret Cole said: "HFC's failings put its customers at risk of buying unsuitable protection insurance and the financial impact on them of unsuitable advice was likely to be significant."
FSA fines HFC Bank £1.085 million for PPI failings »

Motley Fool discusses CCA claims
March 2007

Motley Fool discusses the Consumer Credit Act and possible claims against banks and other loan providers for flawed credit agreements.
www.fool.co.uk »