The FSA should name the firms it has identified as failing to meet its requirements for selling Payment Protection Insurance (PPI), says Moneyfacts.co.uk
The firm says failing to take this stance means consumers are still vulnerable to being sold “unsuitable, overpriced and inflexible products via a flawed sales process”. Earlier today the FSA pledged to step up its campaign against firms failing to treat its customers fairly over PPI sales after publishing its latest review on the issue. The regulator said it would increase fines for offenders as well as carry out some more mystery shopping exercises. It pointed out it has already taken action against 18 firms over PPI sales practices in the past and will now add another four to that ...
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