British financial behavior Credit Administration said it has reached an agreement, they were improper disposal of consumer credit insurers pay up to ? 13 billion ($ 20 billion).
The authority said in a statement Thursday that it has reached an agreement with the Card Protection Plan Ltd and 13 banks and credit card issuers. Authorities fined CPP 1.05 billion pounds last year, consumer sales of insurance, they do not need, or payment risks are greatly exaggerated.
Authority said that seven million customers will soon receive a letter in the process. Corrective strategies will depend on the type of each customer, they have long held.
The scandal of the occasion, another blow banks, already facing a scandal misspelled payment protection insurance.
 



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