The Competition Commission (CC) has confirmed the banning of payment protection insurance (PPI) sales at the point of credit sale for seven days and introduced a wide range of rules governing the product.
Simple protection products need baseline standards and a goverment recognised stamp of approval, according to the chairman of trade body Protect.
The proposed new regulatory structure is the industry's "worst nightmare", according to a respected regulation and insurance lawyer.
The Competition Commission (CC) has provisionally banned the selling of payment protection insurance (PPI) at the point-of-sale, following a legal challenge from Barclays.
The FSA will extend its consultation on planned Payment Protection Insurance (PPI) market reforms by six weeks, further delaying fair treatment for customers says an independent consumer panel.
Was the ban on payment protection insurance (PPI) sales by credit providers at the point at which credit is taken out a victory for consumers?