An appeal brought to the Supreme Court by consumers over the mis-selling of payment protection insurance (PPI), which could have had huge implications for the credit industry, has been withdrawn. Lord Justice Tomlinson in the Court of Appeal ruled that a broker selling PPI products is under no obligation to advise a consumer that the same cover is available more cheaply through another provider. The withdrawal of the appeal also means that any claim made in the future against a lender or intermediary alleging that PPI was expensive or overly costly at the time of purchase would fail, according to legal practice Squire Sanders....Read more here: Mis-sold PPI appeal fails to reach Supreme Court