FCA hits banks with £1.3bn bill for mis-sold card protection

Jenna Towler
clock • 3 min read

The Financial Conduct Authority (FCA) has reached an agreement with insurance provider Card Protection Plan (CPP) and 13 high street banks and credit card issuers which will result in a £1.3bn redress scheme for people mis-sold CPP's Card Protection and Identity Protection policies.

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