CC wants restrictions on catalogue PPI

The Competition Commission has recently stated that it wants to see restrictions placed on the sale of payment protection insurance alongside goods that are sold in catalogues. The insurance, known simply as PPI, is designed to cover repayments on the debt in the event that the policyholder is unable to work due to sickness, injury, or redundancy. The main restriction proposed by the Competition Commission means that catalogues would not be able to sell PPI cover within fourteen days of granting credit to a customer. The Competition Commission has also been looking at plans at restricting PPI sales in the wider marketplace and not... [read full story]