PPI News - Where Are We With PPI Today?
It has been recently report that the Lloyds Banking Group is fighting the ban on sales of payment protection insurance, which was brought in to protect millions of borrowers. The subsequent appeal could potentially delay a ban on sale of PPI at the same time as credit agreements. In addition the competition watchdog has said that lenders should wait at least two weeks before selling PPI, this can be considered to be further ammunition for the growing numbers of consumers who potentially believe that they were miss-sold PPI policies.
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