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Record fine for A&L for mis-selling PPI

Posted on October 07, 2008

The Financial Services Authority (FSA) has given Alliance & Leicester (A&L) a record fine of 7 million for mis-selling payment protection insurance (PPI). The FSA found that the bank had trained its staff to put pressure on customers who questioned the inclusion of optional PPI in a loan. During the period January 2005 to December [...]...

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