FCA: PPI deadline set for August 2019
Watchdog to launch a two-year campaign to encourage customers to decide if they should act about PPI before the deadline.
The Financial Conduct Authority (FCA) is to set an end point for the payment protection insurance (PPI) scandal with a deadline for complaints on 29 August 2019.
The watchdog said it would launch a two-year campaign this August to encourage customers to decide whether to act about PPI before the deadline kicks-in.
Andrew Bailey, chief executive of the FCA said putting in place a deadline and campaign means people who were potentially mis-sold PPI would be prompted to take action rather than put
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