UK Competition Watchdog Pushes Ahead With PPI Ban

Law360, New York (May 14, 2010, 4:20 PM EDT) -- The U.K.'s Competition Commission has decided to move forward with its plan to ban the sale of payment protection insurance to customers in concert with sales of credit or loans, after a tribunal ordered the antitrust body to take a second look at its proposal last October.

The Competition Commission announced Friday a provisional finding that consumers would ultimately benefit from a prohibition on selling payment protection insurance, or PPI, alongside credit products. The commission is seeking comments on its decision before publishing a final ruling...
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