ABI criticises the Competition Commission's PPI proposals
Finance and insurance industry associations have criticised the Competition Commission's (CC) recent...
Finance and insurance industry associations have criticised the Competition Commission's (CC) recently released provisional plans, which aim to improve competition in the payment protection insurance (PPI) market.
The Association of British Insurers (ABI) has called the proposal, which will seek to ban the sale of PPI at the time a loan is issued, "devastating news for borrowers". It stated: "Under these proposals, customers will not be allowed to arrange loan protection with their lender when
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