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Top Watchdog Takes On Ppi
Topic Started: Feb 7 2007, 08:00 PM (165 Views)
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Top watchdog takes on PPI
Sascha Hutchinson, This is Money
7 February 2007

The Office of Fair Trading today formally referred the payment protection insurance industry to the Competition Commission, following a period of public consultation.

The OFT said that it had taken into consideration more than 20 responses from trade bodies, businesses and consumer groups and remained of the view that competition concerns that had been earlier identified remained valid and warranted a CC investigation. Its intention to refer the industry to the CC was announced in October last year.

The OFT criticised the conduct of some companies which sell PPI for automatically including the insurance in the quote for a card or loan, without the customer's knowledge...
this is money
<a href="http://www.dpbolvw.net/click-2359542-10365649" target="_top">
<img src="http://www.awltovhc.com/image-2359542-10365649" width="120" height="60" alt="" border="0"/></a>

Applying for car finance? <a href="http://www.kqzyfj.com/click-2359542-10366647" target="_blank" onmouseover="window.status='http://www.creditexpert.co.uk';return true;" onmouseout="window.status=' ';return true;">View your Experian credit report online for FREE</a> and see what lenders will see
<img src="http://www.tqlkg.com/image-2359542-10366647" width="1" height="1" border="0"/>

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<FONT COLOR=RED>Vanquis credit card is owned by provident Financial.Typical 39.9% APR variable Say No! </FONT>

Are you having problems with Yes Car Credit or a debt collection agency?
Make your complaint direct to the Office Of Fair Trading and BBC1 Watchdog below:
.

James.MacDougall@oft.gsi.gov.uk or telephone 08457 22 44 99
watchdog@bbc.co.uk or telephone - 020 8535 1000
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Use your own judgment. Seek advice of a qualified insured professional if you have any doubts
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