FSA steps up efforts to halt PPI mis-selling

Following unsatisfactory findings from its recent review of the sector, the regulator stressed it will consider the action it will take to deal with ongoing non-compliant sales practices and consider actions to identify and remedy non-compliant past sales, using a range of regulatory powers at its disposal. Jon Pain, managing director of the FSA's Retail Markets, said that tackling poor PPI sales practices remains a high priority. "We will intervene to ensure consumers are protected and are considering what regulatory powers are the most appropriate to deliver fair outcomes," he explain...