Wednesday, September 30, 2009

FT.com / Personal Finance - FSA gets tough on loan insurance industry

FT.com / Personal Finance - FSA gets tough on loan insurance industry: "“It is unacceptable that despite previous warnings about poor sales practices, backed by 22 enforcement cases and significant fines, the PPI sector still needs the FSA to intervene on this,” said Jon Pain, FSA managing director of retail markets."


Yes it is unacceptable Mr Pain, so why has it taken so long to see some action?

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