FSA contests judicial review of PPI
The Financial Services Authority (FSA) has said it will contest the British Bankers’ Association’s (BBA) judicial review of new payment protection insurance (PPI) complaints handling measures.
In a statement the FSA said it strongly believed that the package of new complaint handling measures outlined in policy statement 10/12 is a sensible and fair solution for consumers and the industry alike.
It continued: "And that is why the FSA will vigorously contest the BBA's judicial review of the new complaint handling procedures for the PPI market."
The BBA has said that everyone's actions must be assessed on the basis of a proper understanding of the relevant law and regulation and that
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