HSBC gets extension to PPI complaints procedure

The arrangements extend the time periods HSBC has to deal with its backlog of stayed PPI complaints and the high volume of new complaints on PPI.

The terms are the same as those previously announced for Lloyds, Barclays and RBS.

In the original announcement the FSA stated that PPI complaints still with a firm but put on hold during the judicial review will receive a decision by the end of August; PPI complaints received after the conclusion of judicial review but on or before the 31 August will