Loan insurance firms want the Financial Services Authority (FSA) to drop PPI claims which the body has asked them to reopen, the Financial Times reports today (November 13th).

The claims in question, which number around 185,000, were previously rejected but subsequently declared legitimate to be re-opened in customers’ favour.

It is thought that thousands of claims might end up being looked at again going back as far as 2005.

The FSA’s drive to re-examine the claims is being opposed by bankers, with the British Bankers Association (BBA) commenting that its plans are ‘flawed’, according to the Financial Times.

Earlier this week the FSA has announced a new regulation regime for personal investment firms to make sure that they are better prepared from financial shocks in the future.

For help making a PPI Claim, Loan claim, PPI reclaim, or a credit card charges claim then call Belmont on 0845 526 0000 or fill in the Quick Claim box to be sent a PPI Claim form, Loan Claim form, PPI reclaim form or credit card charges from.

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