The latest news and developments in the Payment Protection Insurance (PPI) industry are changing the landscape for payment protection insurance borrowers and insurers.
Most recently, consumer watchdogs have been criticising PPI lenders and banks for mis-informing clients on PPI information.
Before purchasing Payment Protection Insurance it is important to get as much information as possible so that you know your rights. To assist in this you can keep up to date on the latest PPI news.
What is new with Payment Protection Insurance
Here is some of the latest news in the Payment Protection Insurance industry:
In November 2008 the Competition Commission called for a ban on the sale of PPI alongside credit agreements, instead of asking the lender to wait two weeks before offering the service .
The Association of British Insurers has said the proposition to ban the sale of PPI with loans directly is 'devastating news' for borrowers.
The Competition Commission found in June 2008 that the market for PPI was failing to work competitively which was forcing lenders to charge higher prices .
Research done by lobby group Which? in 2007 found that banks including NatWest, Royal Bank of Scotland and Lloyds TSB were found to be mis-selling PPI in loan quotes .
Keeping informed with Legal Advice Helpline
At Legal Advice Helpline we keep up to date on all the developments in the PPI industry to make sure that you are getting the best, most relevant information you need.
The latest PPI news is gathered here so you know what is happening before you make any decisions about payment protection insurance.
For more information on PPI, search the website for advice from Legal Advice Helpline on loan insurance, bank charges and case studies.