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CBI boss John Cridland calls for PPI payouts deadline
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CBI boss John Cridland calls for PPI payouts deadline
A business leader has called for a line to be drawn under the response to the mis-selling of payment protection insurance (PPI). John Cridland, the director general of the CBI, said that a deadline should be set for the end of legal claims for compensation. PPI was widely mis-sold to applicants for loans, credit cards or mortgages. Generally, these customers have six years from the moment they were mis-sold the insurance to make a claim. Or customers can still make a claim during the three years after they became aware that they might have a case, even if the sale was more than six years ago.....Read more here: BBC News - CBI boss John Cridland calls for PPI payouts deadlineTags: None
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