Paymentshield refunds customers over £380K for PPI breaches

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19 March 2020

Hundreds of customers are being refunded after insurance company Paymentshield failed to send important information about PPI policies.

The Competition and Markets Authority (CMA) has issued Paymentshield with legally binding directions after it failed to send payment protection insurance (PPI) annual reminders. It must now put in place measures to ensure similar incidents don’t happen again and is refunding those affected.

Read the full article on GOV.UK