The banks' Ł4bn protection racket

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Joined: Aug 2007

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The banks' Ł4bn protection racket

17th January 2008, 00:22:AM

A new scandal is brewing in the personal finance industry that could dwarf the revolt against overdraft charges which has tarnished the reputation of the banks and won customer refunds of Ł1bn. As the Office of Fair Trading begins a court case against those bank charges, thousands of customers are seeking, and winning, refunds of premiums for payment protection insurance (PPI).

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Tags: business, charges, court, customer, customers, finance, insurance, overdraft, ppi, reputation

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The banks' Ł4bn protection racket

The banks' Ł4bn protection racket

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