The UK experience with consumer credit insurance

It will be interesting to see how much ASIC’s review of consumer credit insurance draws on the UK Financial Service Authority’s dealings with its UK equivalent, payment protection insurance. Background:BBC News

According to the BBC, UK banks have set aside billions of pounds to resolve PPI complaints.

But there has also been a backlash against firms offering to handle complaints for a percentage of the amount recovered. See video.

 

Your Compliance Support Plan

We understand you need a cost-effective way to keep up to date with regulatory changes. Talk to us about our fixed price plans.