It was reported in The Times at the weekend (1st May 2016) that the Royal Bank of Scotland are seeking to ditch the RBS brand in a move designed to draw a line under the bank’s recent history – which has been characterised by a series of fines, mis-selling scandals, and a government bail-out.

As reported in today's (13 April) Guardian, the consumer watchdog Which? have warned against the Financial Conduct Authority (FCA) imposing a time bar on claims for mis-sold Payment Protection Insurance, labelling the plan as "Ill-judged" and warning that it would set a dangerous precedent.

It seems clear that the financial scandals that have dogged the industry over recent years, have taken their toll on our High Street Banks. A report in the Financial Times, which has analysed the Annual Bank Report of KPMG paints a picture of further tough times ahead for the big name banks.

The ACC, in their response the the Financial Conduct Authority's Consultation Paper CP15/39, were clear that they did not feel that a time-bar on PPI claims was in the best interest of elderly and vulnerable consumers. It made the case clearly to the FCA that they would challenge the imposition of a two year time-bar as they did not feel this was the best for consumers across the UK.