Blog: The day I fell victim to the PPI scandal

The nice chap from HSBC told me it was cheap, easy to set up and would mean if I fell ill or had an accident, I would not have to pass my overdraft debt on to my family or fiancée. It made sense (sort of) and, by signing up, it also meant I could get the salesman off the phone. Dinner was getting cold. Today, British banks gave up the fight against compensating customers who were mis-sold PPI on mortgages and other loans. The British Bankers' Association said it took the decision in the "interest of providing certainty" for bank customers. It means the UK's largest high street b...