Banks forced to look again at rejected PPI complaints

It could lead to billions in payouts to consumers who had been missold the policies. The BBA had launched a judicial review after the FSA said banks would have look again at complaints it had previously rejected. Earlier this year, the BBA's legal team had told the High Court implementation of the FSA's proposals could cost the banks £3.2bn and it is estimated up to three million people could be affected by the decision. Following the ruling, the BBA said: "We are disappointed with today's judgment and now need to consider the details of it very carefully as well as next steps, inc...