CC's PPI decision 'could cause higher loan rates' — Mortgage Loan

A financial expert has warned that the Competition Commission’s (CC) provisional decision to prohibit lenders from mis-selling payment protection insurance (PPI) could cause consumers to get “stung twice”. … Despite the fact that it is sold to cover a variety of products, it is estimated that some 90 per cent of PPI sold in the UK is on loans, a credit card or mortgages. There are over 12 million PPI policies active in Britain at the moment and the CC states that many …

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CC's PPI decision 'could cause higher loan rates' — Mortgage Loan