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Legal challenge threatens to extend banks’ PPI mis-selling misery

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  • Legal challenge threatens to extend banks’ PPI mis-selling misery

    The financial regulator faces the threat of a judicial review over its proposed deadline for payment protection insurance claims in what could be a huge blow to banks. A claims management company has warned the Financial Conduct Authority that unless it tears up its consultation over a two-year cutoff for…
    Read More -> Legal challenge threatens to extend banks’ PPI mis-selling misery

    The threat of judicial review has come from We Fight Any Claim, which also objects to the FCA’s proposal to allow companies that sold PPI to keep half of their undisclosed commission on sales.

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    Last edited by Amethyst; 18th February 2016, 08:18:AM.
    Tags: None

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