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Saturday 1 April 2023 Dublin: 9°C

# Payment protection insurance

All time
# unopened letters
6,000 bank customers are missing out on their share of a €67m PPI pay-out
77,000 customers were mis-sold Payment Protection Insurance since 2007. However some people may be missing out because they haven’t opened letters from their bank…
# Banks
Banks to refund €25m to customers over mis-sold policies
One in five of the PPI policies reviewed by the Central Bank were found to be in breach of its consumer protection code.
# Complaints
Complaints to Financial Services Ombudsman up 12% last year
Figure show that 40 per cent of all banking complaints related to mortgages.
Central Bank names six banks which missold PPI to ineligible customers
A seventh institution asked not to be named by the regulator.
Around 11,500 AIB credit card customers to be refunded over €3.1m
Ireland’s biggest bank has apologised for overcharging customers who could now be entitled to refunds averaging €270 per customer.
# Lloyds
Irish losses impact on Lloyds bank as it posts massive losses
The losses are mainly as a result of the mis-selling of payment protection insurance in the UK but its exposure to the Irish property market hasn’t helped either