Payment Protection Insurance: The 'Root Cause' of Concern for Providers

The British Bankers Association (BBA) recently lost its challenge by judicial review to new regulatory provisions imposed by the Financial Services Authority regarding complaints about the sale of Payment Protection Insurance (PPI). The ramifications of the decision, not just for banks, but for all providers/sellers of PPI insurance could amount to as much as £2.5bn to £4.2bn. The BBA has until the 10th May 2011 to appeal.

Use the link to download a note written by Rhian Howell and Scott Ashby outlining the FSA's new rules and their implications.

Location: UK