FCA calls for deadline and consumer-awareness campaign on PPI
A firm deadline on payment protection insurance claims and an industry-funded communication campaign have been outlined in the Financial Conduct Authority’s consultation paper, released today (26 November).
The FCA's paper said 18 firms who received around 90% of PPI complaints would finance a £42.2m communications drive, with the sum to be paid on a pro-rata complaints basis and over a two year period.
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