Lloyds Banking Group fined £4.3m for delayed PPI payments
The Financial Services Authority has fined three Lloyds Banking Group firms £4 315 000 after failings in their systems delayed the payment of mis-sold payment protection insurance to up to 140 000 customers.
Under FSA rules, LBG had to make the payments within 28 days of sending decision letters to PPI complainants agreeing to the repayments.
The FSA found nearly a quarter of LBG customers had received
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