The Great British PPI Scandal Payment protection insurance (PPI) is a type of personal finance insurance designed to cover the payment on loans should a borrower be unable to due to changing circumstances. At its peak PPI sales generated an estimated 5 billion in revenue with over 20 million...
Read MoreClydesdale Bank Fined £20 million For Serious Failings In PPI Complaint Handling Rules And Set Aside Another £450 Million, Clydesdale Bank have set aside another £450 million to compensate customers for mis-sold Payment Protection Insurance. It comes after the Financial Conduct Authority (FCA) imposed a financial penalty of £20,678,300...
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