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FSA critical of Payment Protection Insurance selling
Clariman
Posts: 1,484 Forumite
in Credit cards
The Financial Services Authority (FSA) published a report yesterday which was critical of the way many credit card issuers sell PPI. In particular, it felt that exclusions were often not fully explained to customers. This is something that Martin Lewis and others have pointed out many times.
More info on PPI can be found from these places ...
Martin has a good article on PPI here http://www.moneysavingexpert.com/cgi-bin/viewnews.cgi?newsid1083023073,92723,
I have written a summary and commentary on the recent FSA findings here
http://www.stoozing.com/cgi-bin/forum/YaBB.pl?num=1131184845
The full (30 page) FSA Report on PPI is available here
http://www.fsa.gov.uk/pubs/other/ppi_thematic_report.pdf
Happy reading.
Clariman
More info on PPI can be found from these places ...
Martin has a good article on PPI here http://www.moneysavingexpert.com/cgi-bin/viewnews.cgi?newsid1083023073,92723,
I have written a summary and commentary on the recent FSA findings here
http://www.stoozing.com/cgi-bin/forum/YaBB.pl?num=1131184845
The full (30 page) FSA Report on PPI is available here
http://www.fsa.gov.uk/pubs/other/ppi_thematic_report.pdf
Happy reading.
Clariman
Author of the first Stoozing FAQ on the Internet and Creator of the SOA & Snowball calculators at Lemonfool.co.uk
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