Companies responsible for selling more than 40 per cent of single premium
payment protection policies with unsecured personal loans have agreed to
review their sales and compensate customers who were mis-sold the product.
The Financial Service Authority now wants to target other companies which have
mis-sold PPI which they offered alongside credit cards and secured loans.
It wants all of the 185,000 complaints - concerning every type of PPI -
rejected by firms during the past five years, to be reopened.
It comes after the regulator said companies had been …
Read the original article at Telegraph
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