Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

Payment protection: FCA to help consumers compare products

The Financial Conduct Authority (FCA) has said that it will help consumers to compare banking products so that they can choose ones that suit them best.

Martin Wheatley, chief executive for the FCA, said that the new regulator will assess the behavioural economics within banks to see how they affect customer decisions.

He explained: “We want the regulatory system to use behavioural economics to ascertain whether people are being put off switching products through inertia, inattention or even the simple fear of regret from making a wrong decision.”

Banks have been guilty of mis-selling financial products in the past.

The most high profile mis-sold product is payment protection insurance (PPI), which has seen banks have to set aside billions of pounds for consumer claims as thousands of these are made against this product every week.

At the start of April, the FCA took over from the Financial Services Authority as the main financial regulator in the UK, alongside the Prudential Regulation Authority.

Amir Hussain

Amir specialises in personal loans, consumer debt and debt management.ADNFCR-2776-ID-801570865-ADNFCR

Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Post Code 
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B11, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide