Insurance Post

CPP customers back £1.3bn compensation scheme

Brent Escott

Credit card insurer CPP will refund seven million customers who were mis-sold insurance for their bank and credit cards to tune of £1.3bn after 98% of those affected backed the compensation proposal.

Payouts will begin in the spring, subject to High Court approval next week.

The formal decision to pay customers back comes just under five months after the Financial Conduct Authority, CPP and 13

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