Lloyds bank uses loophole to shortchange PPI claimants
lovemoney.com
Updated
File photo dated 04/08/10 of a sign for Lloyds Banking Group, who will today pledged that 40% of its top 5,000 jobs will be occupied by women within six years. PRESS ASSOCIATION Photo. Issue date: Monday February 3, 2014. The planned increase from the current level of 28% is among a series of commitments being made by chief executive Antonio Horta-Osorio. They also include a pledge to boost net lending to small and medium-sized business by more than ?1 billion this year and the support of more than 80,000 first-time buyers, up from last year's target of 60,000. See PA story CITY Lloyds. Photo credit should read: John Stillwell/PA Wire
%VIRTUAL-SkimlinksPromo%Lloyds has been accused of cutting its compensation payments for mis-sold payment protection insurance (PPI) by exploiting an obscure loophole.
Lloyds Banking Group stands accused of 'mis-paying' PPI compensation by unfairly reducing the settlements paid to claimants.
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