McHale & Co. Solicitors Blog

Mentioned in The Times

Further to our Justice in the end blog, follow the link below to see our mention in The Times

Thousands of fresh PPI claims predicted after Supreme Court ruling

Frances Gibb November 13 2014 11:11AM

Thousands of fresh claims against banks over PPI are predicted in the wake of a Supreme Court landmark ruling on Wednesday.

The UK's top court has ruled that non-disclosure of commission, despite not being provided for by banking rules, does constitute an "unfair relationship" under section 140A of the Consumer Credit Act 1974.

"Fundamentally, this means that several thousand cases currently stayed, and many more thousands of people who were told that they did not have claims, will now be able to pursue them," said Andrew McHale of Cheshire and London law firm McHale & Co, which was instructed by a husband and wife whose claim was at the heart of the ruling.

"In the cases with which we have been involved, commission taken on PPI (payment protection insurance) sold by the banks to individuals taking out personal loans have been anywhere between 70% and 87% of the total repaid by the customer taking out the loan.

"We have reiterated time and time again that a situation that appears to the man in the street to be unfair should be seen by the courts as unfair. We have always argued that s140A gave consumers protection and the Supreme Court has now agreed with us. This ruling has wider implications for other bank mis-selling scandals, who will consider it most unwelcome."

Categories: Mis Sold PPI
Tags: Mis Selling

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