Friday November 27, 2020

PPI refunds on the way

People who were wrongly sold payment protection insurance are being contacted by banks with notice of what they're owed, writes Emma Kennedy.

25th May, 2013
Problems with PPI policies have been on the horizon for a number of years, and the products have already come under the regulatory microscope here.

A Central Bank investigation into mis-sold payment protection insurance (PPI) policies has stepped up a gear this month, and thousands of consumers could now be in line for a refund after the probe uncovered widespread poor sales practices in the area.

Problems with PPI policies have been on the horizon for a number of years, and the products have already come under the regulatory microscope here, before the current investigation. In Britain, the PPI scandal...

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