CPP sets aside £55.8m to cover mis-selling penalty
Credit card insurer forced to stump up a further £1.8m to cover bill.
Credit card insurer CPP has revealed that it has set aside £55.8m to cover its mis-selling bill.
CPP confirmed in its interim management statement that it had needed to provide a further £1.8m to cover its costs for mis-selling identity theft and credit card protection products.
The York-based provider admitted that the business landscape remains difficult and stated: "The group's performance continues to reflect the challenges of its operating environment.
"Group revenue has declined by 38%
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