FSA catches banks in new mis-selling scandal

Packaged accounts are routinely sold to customers in branches, over the phone and online as an ‘upgraded' version of their ordinary current accounts, and cost from £5 to £25 a month. Banks have been accused of mis-selling the accounts to customers who don't qualify for the benefits. According to the Daily Mail, the FSA launched an investigation into the accounts more than a year ago after it became concerned at the way banks were targeting customers with the products. The FSA will reveal the results of its investigation within the next few days, the paper said. Campaigners are h...