Editor's comment

Martin Friel

So it's back to the drawing board with payment protection insurance (PPI). Well not quite but it feels like it. Back in January, the Competition Commission (CC) found that the banking sector was not giving PPI customers enough options when it came to choosing their policy. They argued that there was not enough competition in the sector as banks were selling the product alongside credit cards, loans and mortgages. The CC wanted to introduce a 'cooling off' period for customers to allow them to

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