PPI News - August 2013
PPI mis-selling 'double cost of Olympics' to banks
The cost to banks of compensating customers who were mis-sold payment protection insurance (PPI) has reached £18.4bn, or double the amount spent on the Olympic Games, according to the consumer group Which?
Read more at The Guardian: http://www.theguardian.com/money/2013/aug/01/ppi-misselling-banks-which-report
PPI Compensation Spurs Economy Through Spending Boost
Banks have inadvertently provided a boost to the economy through the vast compensation payments made to customers who were mis-sold payment protection insurance.
Read more at The Telegraph: http://www.telegraph.co.uk/finance/economics/10250122/PPI-compensation-spurs-economy-through-spending-boost.html