Egg is fined £700,000 for mis-selling insurance cover for payment protection – The Times

Posted December 11th, 2008 in banking, insurance, news by sally

“Egg, the online bank owned by Citigroup, has been fined £721,000 for ‘serious failings’ on sales of credit card payment protection insurance (PPI) to nearly half its customers over a three-year period. The bank may have to pay millions of pounds to customers in PPI refunds.”

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The Times, 11th December 2008