The Central Bank has stepped up pressure on banks and financial institutions who are suspected to be involved in misselling of PPI policies. The bank had started investigating this issue and has now ordered seven financial institutions to carry out a review of their PPI policies sales since 1997. This long overdue review is a clear indication that banks can no longer claim to be completely innocent in the ongoing PPI crisis. The Central Bank had also conducted a review of the processing of claims of PPI policies in 2009 and had Continue reading →