Consumer champion Which? says it is "hopeful" the appeals court will rebuff a challenge from Barclays and Lloyds over a decision to limit sales of payment protection insurance (PPI).
The campaigning organisation says it is confident recommendations made by the Competition Commission (CC) following a two-year review of PPI will be upheld. Which? also says it is particularly concerned by Lloyds' involvement in the case, arguing it, as a taxpayer-funded entity, "should be looking to optimise customer service". In January, the CC recommended that from next year lenders be forced to stop selling PPI at the ‘point-of-sale' of another product, such as a loan, or for seven days afterwards. But Barclays bank, supported by Lloyds, lodged an appeal with the Competition Ap...
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