jeudi 29 janvier 2009

PPI sales to be banned alongside credit agreements

"From 2010 banks and credit card providers will no longer be able to sell Payment Protection Insurance (PPI) alongside unsecured loans and credit agreements.
PPI is intended to cover repayments on unsecured loans if the borrower loses their job, becomes too ill to work, or dies.
The insurance has been the subject of controversy for years with [...]"
(2009-1-29)
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