Watchdog’s move means final deadline for claims is likely to be pushed back by a few months from mid-2019
Banks could have to pay out more in compensation to victims of the £40bn payment protection insurance (PPI) scandal after the financial regulator delayed a decision on setting a deadline for complaints.
The Financial Conduct Authority said in August it was considering a mid-2019 cut-off for PPI claims and would decide before the end of 2016. The proposed deadline was more than a year later than the industry had expected, raising the prospect of more claims being allowed.
Related: Bill for PPI mis-selling scandal tops £40bn
Continue reading...
0 Response to " Banks could face more PPI payouts as FCA delays deadline decision "
Post a Comment