CMA uncovers PPI breaches at Cardif Pinnacle, Lloyds and Nationwide
The Competition and Markets Authority has again appealed for the power to impose financial penalties on businesses that breach payment protection insurance regulations, after breaches were uncovered at Cardif Pinnacle, Lloyds Banking Group and Nationwide.
The breaches, which affected over 28,000 customers, relate to failings around the provision of annual reviews to PPI customers.
Under a 2011 order issued by the CMA’s predecessor, the Competition
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