Regulator slaps NU and HBOS for 'unfair' PPI terms
Three insurers have agreed to drop unfair contract terms from their payment protection insurance policies, after the regulator found they were detrimental to consumers. Norwich Union, St Andrews Insurance and Amtrust have been forced by the Financial Services Authority to amend their terms relating to refunds for cancelled policies when customers pay back loans early.
“We have now received a number of undertakings and statements from firms in relation to their PPI contracts,” said a statement from the FSA today. To view the full statement on the FSA web site, click
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