The Financial Conduct Authority (FCA) is to set an end point for the payment protection insurance (PPI) scandal with a deadline for complaints on 29 August 2019.
The watchdog said it would launch a two-year campaign this August to encourage customers to decide whether to act about PPI before the deadline kicks-in.
Andrew Bailey, chief executive of the FCA said putting in place a deadline and campaign means people who were potentially mis-sold PPI would be prompted to take action rather than put
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