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Payment Protection Insurance
The High Court recently ruled that the Financial Services Authority is entitled to impose tough retrospective rules concerning the sales and complaints in relation to the sale of Payment Protection Insurance (PPI). The British Banker’s Association has also declared that it does not intend appealing the decision. Many are considering this now to be open [...]
Financial Mis-selling
The most high profile example of financial mis-selling has been the Payment Protection Insurance (PPI) debacle; providers of PPI were first fined for this as long ago as 2006. Household names such as Alliance & Leicester and EGG were fined in 2008 for “serious failings”/”serious breaches” in respect of their sale of PPI by telephone [...]
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