Mis-sold PPI And Other Products Getting Political Attention

[enaid]

Mis sold PPI getting political attention

Here’s a line taken from the ‘Independent’ last week: “Millions of people have been mis-sold PPI and other financial products over the past decade, and millions more are likely to be victims.” This sentence neatly sums up the results of letting banks regulate themselves and then doing very little to punish them when it goes wrong.
The Financial Services Authority (FSA) is in existence to stop the banks from being dodgy and in the 10 years it’s been with us, it doesn’t seem to have been very effective. Needless to say, with a General Election coming up, politicians and regulators have proposed major changes to the so-called ‘Authority’ reforms. The Tories want to create a new Consumer Protection Authority by combining the FSA and the Office of Fair Trading (OFT). Labour, however, want to abolish commission structures for product providers. Who wins? you decide

[PocketTheDifference]

Re: Mis-sold PPI And Other Products Getting Political Attention

It's Very True, It has, for my part been ablosultley usless, not helped ina situation that i can remeber once, however we;ve had to foot the bill still!!!!!! (ready to be shot down now )

And since when has its stopped being dodgey, even when their exposed banks are still bloody dodgey.