CPP takes a watchdog hit
Friday 26 October 2012
The credit card and mobile phone insurer CPP Group has accepted more restrictions on its business imposed by the Financial Services Authority for mis-selling its products in the past. The company expects to be fined by the FSA before the end of the year and has set aside £24.9m to cover this and customer compensation. The company’s revenues are down 6 per cent since the end of June.
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