The FCA said it was pleased about the court ruling against a judicial review, adding that the introduction of a deadline on PPI complaints was “the right thing for consumers” AlamyA compensation claims company has vowed to fight on after it lost the first round of a legal battle to extend the deadline for claiming compensation on missold payment protection insurance. A high court judge refused an attempt by We Fight Any Claim to bring a judicial review of the Financial Conduct Authority’s deadline, which will prevent new PPI claims being made beyond August 2019. The Welsh claims company said that it would appeal against the court’s decision. PPI has been one of the biggest and most expensive scandals to hit the banking sector since the financial crisis, with £26 billion of compensation paid out so far and just under 20 million policies processed. We Fight Any Claim said in its legal argument that of…

Source: The Times August 08, 2017 22:52 UTC