banks mis-selling News

UK’s FCA Signals Financial Reg Changes to Place Burden on Sellers

Britain’s new watchdog announced sweeping changes in financial regulation on Wednesday, telling banks they can no longer blame customers when products go wrong and promising to study how consumers behave to make sure they can make the right decisions. The …

Lloyd’s Insurer Jubilee Welcomes Rules on PPI to Rebuild Confidence

Jubilee, the specialist Lloyd’s insurer, has broadly welcomed the joint Financial Services Authority (FSA) and Office of Fair Trading (OFT) final guidance on Payment Protection products as an important move forward in rebuilding consumer confidence in PPI.* Jubilee became involved, …