Back in discussion: CC pushes for point-of-sale PPI ban
The Competition Commission (CC) is to return to the issue of payment protection insurance (PPI) and is once again pushing for a point-of-sale ban.
Such a ban would stop the completion of sales of PPI during the sale of credit such as personal loans. It was one of a package of measures the CC planned to introduce following its investigation into the sector in early 2009, which concluded that businesses that offer PPI alongside credit faced little or no competition.
However, this report was challenged when Barclays and fellow banks appealed to the Competition Appeal Tribunal (CAT), in particular raising issue with the point-of-sale ban. The
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