£3.7bn paid out on PPI since launch of FCA's Arnold Schwarzenegger campaign
The regulator said advertising featuring the actor had increased consumer understanding of PPI and led to 3.7m complaints being made.
The Financial Conduct Authority (FCA) has announced that £3.7bn has been paid out in compensation to customers since the launch of its Arnold Schwarzenegger-fronted campaign on PPI (Payment Protection Insurance) ten months ago.
Last summer, the regulator created a campaign using an animatronic model of Schwarzenegger’s head urging people to check if they were owed compensation for PPI cover before the claim deadline of 29 August 2019.
A report from the watchdog, issued today (24 October)
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