Today’s ‘David and Goliath’- the unfair relationship that persists between consumers and banks
Money, whether you are spending it, saving it, or speculating with it, it makes sense not only to exercise prudence but also to protect you and your family’s interests with robust legal advice. ‘PLEVIN’, a Supreme Court decision from 2014 (Plevin vs Paragon Personal Finance Ltd) made it beyond clear that consumers were entitled to redress of ‘secret commission and profit shares on PPI premiums paid by them. Yet millions of pounds still remain owed.
Despite the Financial Conduct Authority’s deadline for bringing PPI claims forcing banks to make mandatory redress payments, a claim can still arise when this payment did not accurately reflect the value of undisclosed commissions and fees, Lysander Law understands that those payments were rarely accurate and that the banks know it. Consumers require skilled litigators who are unafraid to take cases to court. LysanderLaw believes that there is an institutional defensiveness of banks, ongoing concealment, and inequality of arms as they spend tens of millions of pounds on heavyweight lawyers to defend this Plevin claims. Accurate reconstruction and detailed analysis of the transactional history of the account by a financial expert will accurately quantify any under-settlement and is the only way to ensure an appropriate award. The team at Lysander Law works with the best financial experts in the business who bring unparalleled analytical acumen to their calculations.
Rhiannon Cambrook-Woods and the team at Lysander Law thrive on pushing back against the unreasonably tough attitudes of banks and their lawyers and litigate rapidly, balancing the accurate analysis of complex financial data with expeditiousness. They feel that consumers have been long out of packet whilst the banks filled theirs.