Campaign to cut claims management companies out of PPI
Consumer groups, the regulator, banks and credit card providers are to come together to cut claims management companies (CMCs) out of the payment protection insurance (PPI) compensation process.
The move is part of a partnership of Which? and MoneySavingExpert.com who aim to increase awareness of how easy it is for consumers to reclaim for mis-sold policies for free.
The partnership has made two commitments. The first is to call a PPI Summit on Monday 23 April which it claimed will be attended by all the major banks and credit card providers as well as the regulator.
The stated aim is to get all parties working together to help people get back the money that they're owed and help
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