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FSA Orders Insurance Compensation

Posted by Scott Boyd at 3:24 pm EDT, 09/29/2009

The Financial Services Authority (FSA) has told banks and other lenders to compensate customers who may have been mis-sold payment protection insurance.

The order has been given initially to firms responsible for selling more than 40% of “single-premium” PPI policies when giving unsecured personal loans.

BBC News

Filed under: Forex Round Up, GBP

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