BSA Seeks Action Against Bogus PPI Claims

Statistics provided by the Building Societies Association has indicated that its top eight members receive less than 9000 false claims between May to October 2011. This figure increased by 247% in the second half of the year ending April 2012. The total number of fake claims has increased to 22,440 claims. Claims management companies are very active in filing of claims but 57% of these claims filed from November 2011 to April 2012 turned out to be fake claims.

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