FSA imposes censure
The Financial Services Authority (FSA) has imposed a public censure on Cathedral Motor Company for f...
The Financial Services Authority (FSA) has imposed a public censure on Cathedral Motor Company for failures relating to its sale of payment protection insurance (PPI). FSA director for enforcement, Margaret Cole, said: "Cathedral's failings, particularly in relation to the monitoring of sales staff, created a risk of consumer detriment. We have taken a number of enforcement actions relating to PPI recently, and more cases are in the pipeline."
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