FCA launches compensation scheme for CPP mis-selling
The conduct regulator is predicting a redress bill of up to £1.3bn as it announced today a compensation scheme for consumers who were mis-sold card or identity protection products would start in mid-February.
Up to seven million people will be eligible to claim compensation, according to a statement from the Financial Conduct Authority.
In November 2012, Card Protection Plan was fined £10.5m for widespread
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