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Saturday, 4th February, 2012
UK Financial News From the latest UK financial news, and interesting articles about insurance, credit cards, and other useful tidbits, to special offers, and revealing finance tips from the experts, the stories and news items we display here will help to keep you informed.

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Articles   >>   PPI: Lloyds pulls the plug

PPI: Lloyds pulls the plug

Tuesday, July 27 , 2010
View the full story at: http://telegraph.co.uk ... /PPI-Lloyds-pulls-the-plug.html

PPI: Lloyds pulls the plug

Other banks are expected to follow the lead of Lloyds Banking Group and stop selling controversial payment protection insurance, experts say.

Taxpayer-backed Lloyds Banking Group confirmed last night that it had stopped selling the cover alongside loans, credit cards and mortgages from last Friday.

The group attributed its decision to the uncertainty surrounding the regulation of PPI, after the Competition Commission said earlier this year that it planned to go ahead with a ban on the sale of the cover alongside credit agreements.


View the full story at: http://telegraph.co.uk ... /PPI-Lloyds-pulls-the-plug.html

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