FSA to consult further on PPI following "highly critical" industry response
The Financial Services Authority (FSA) is to embark on further consultation for its plans to reform the Payment Protection Insurance (PPI) market.
The Financial Services Authority (FSA) is to embark on further consultation for its plans to reform the Payment Protection Insurance (PPI) market.
The renewed consultation is expected to last a further six weeks.
The FSA said that it received 51 detailed responses with consumer groups very supportive of the proposals and PPI providers, perhaps unsurprisingly “highly critical” of the proposals.
As a result the FSA said it would embark on more consultation. The regulator highlighted, for example
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