Millions of PPI customers can now make new claims for up to £40,000 after latest court ruling
Around 64 million PPI policies were sold across the UK between 1990 and 2010.
More than £35 billion has already been successfully claimed in PPI compensation (Image: Getty Images)
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Millions of people could be eligible for new PPI payouts of up to £40,000
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PPI ruling: you can still claim after six years
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Lender Can t Escape PPI Suit After Hiding Commission
Law360, London (March 12, 2021, 4:32 PM GMT) An appeals court has ruled that a customer didn t wait too long to sue a Citigroup unit over its marketing of payment protection insurance because the bank hid the fact that it would receive a huge commission from the sale for years.
Judge Vivien Rose, writing for the unanimous three-judge panel at the Court of Appeal on Thursday, rejected claims from Canada Square Operations Ltd. that a customer had run out of time to contest PPI payments on a policy provided by a unit of AXA and sold alongside a fixed-sum loan in 2006.