CC branded 'without conscience' on PPI proposals

The Association of British Insurers (ABI) is one of a number of organisations rounding on the CC for recommendations it says are "completely wrong" and "devastating" for consumers. Under the proposals, providers would be prohibited from selling PPI to a customer within 14 days of selling that individual another credit product. Additionally, single premium PPI would be banned for good. The recommendations, on which the CC is inviting responses before publishing a final report in January, are part of its bid to remedy what it sees as a lack of healthy competition in the PPI market. "Thi...