PPI Tag

Rogue PPI claim companies targeted by fines and toughened regulations

Claims firms which use information gathered by unsolicited calls and texts or who provide poor quality services will face large fines under law changes announced by the UK Government last week. Tough new rules are being introduced as the part of a package of ongoing work by government to crack down on the rogue firms responsible for targeting the public with misleading advertising and flooding banks with unsubstantiated claims for compensation – at a cost to other customers. To ensure that the claims management industry delivers the best possible results for consumers, the Claims Management Regulation (CMR) Unit at the Ministry of...