Lloyds Refuses to Comment about Mounting Complaints
Lloyds Refuses to Comment about Mounting Complaints

Pressure is building on Lloyds Banking Group to acknowledge that it is at the centre of an important inquiry into complaints of maltreatment.

This could result in having to assess tens of thousands of complaints that it has formerly discarded and could lead to a sizeable penalty.

Lloyds name was not openly mentioned in a derogatory report that was published last week by the Financial Services Authority on the issue of poor complaints-handling by banks.

But it appears to have been recognized by the FSA as one of two banks where consumers' complaints were methodically treated unjustly.

This could imply that tens of thousands of complaints to the bank were accidentally dismissed or poorly rewarded.

Lloyds declines to verify if it is or not one of the two culprits. It says that it 'never discusses' dealings with the FSA.

But since Lloyds is now mainly possessed by taxpayers, having been rescued in 2008, there are mounting calls for it to be more open with consumers and the public.

Peter Vicary-Smith, Chief Executive of Which?, the dominant consumer lobby group, verified that he will be writing to Lloyds' Chief Executive, Eric Daniels this week, posing directly, if the bank is one of the two quoted by the FSA.

Vicary-Smith will also write to Royal Bank of Scotland, the other bank that needed bail out by the public.

Latest News

Scientists Suggest to Rise Prices of Caffeinated Drinks
Ontario’s Fight to Cut Spending Concerns Health Care Costs
Flesh eating bacteria affected Woman on Recovery Track
Women Outweigh Men in Food Shopping
2nd Heart Transplant Rejection Claims Teenager’s Life
Pom Wonderful Comes out with a New Ad Campaign after Court’s Ruling
Women Not Provided With Vital Information Relating To Infertility
Kids Confusing Tiny Detergent Packs With Toys
Dragon Becomes 1st Private Spacecraft
NASA Worried over Lunar History
Asian-Carp
New and Clear Pictures of Sun