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Banks braced for exposure to CPP mis-selling investigation
http://www.x404.co.uk/forum/viewtopic.php?f=19&t=17645		 Page 1 of 1
Author:  Amnesia10 [ Thu Nov 15, 2012 10:58 pm ]
Post subject:  Banks braced for exposure to CPP mis-selling investigation
http://www.guardian.co.uk/money/2012/nov/15/banks-exposure-cpp-mis-selling-investigation

Quote:
Britain's high-street banks, already reeling from the cost of the payment protection insurance scandal, could be forced to pay out hundreds of millions of pounds more to compensate customers for a widely mis-sold card protection product.

How much will be paid for this? :oops:
Author:  pcernie [ Thu Nov 15, 2012 11:21 pm ]
Post subject:  Re: Banks braced for exposure to CPP mis-selling investigation
When I think of the amount of these scams I turned down :oops:
Author:  l3v1ck [ Thu Nov 15, 2012 11:24 pm ]
Post subject:  Re: Banks braced for exposure to CPP mis-selling investigation
The stupid thing is they never say, "we'll learn from our mistakes and make sure people are actually eligble for the crap we sell them". They say, "how can we flog something that people can't benifit from now."
Author:  Amnesia10 [ Fri Nov 16, 2012 12:08 am ]
Post subject:  Re: Banks braced for exposure to CPP mis-selling investigation
l3v1ck wrote:
The stupid thing is they never say, "we'll learn from our mistakes and make sure people are actually eligble for the crap we sell them". They say, "how can we flog something that people can't benifit from now."

There are already rumblings of another banking scandal of banks selling interest insurance to small businesses which made them billions and cost the customers billions. Barclays have already have started making provisions for these payouts.
Author:  pcernie [ Fri Nov 16, 2012 12:23 am ]
Post subject:  Re: Banks braced for exposure to CPP mis-selling investigation
I'm waiting on the DSG having to pay out for all their 'cover' :roll:
Author:  Amnesia10 [ Fri Nov 16, 2012 1:00 am ]
Post subject:  Re: Banks braced for exposure to CPP mis-selling investigation
pcernie wrote:
I'm waiting on the DSG having to pay out for all their 'cover' :roll:

That was my other thought. So many duff "insurance products" which are worthless.
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