Which? says date set by Financial Conduct Authority is ‘ill-judged’,adding that banks should be making the compensation process ‘simpler and fairer’The City regulator’s plot to set a 2018 deadline for payment protection insurance claims is “ill-judged” and would set a perilous precedent, according to consumer body Which?Last year the Financial Conduct Authority set out plans to impose a two-year time limit on PPI claims, or drawing a line under the financial industry’s costliest mis-selling scandal.
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Source: theguardian.com