Bank fines and compensations are one thing, but clearly the banks understood what they were doing with this; deliberate deception. Who knew? Who authorised it and will they face the music?
Two million people who were sold unnecessary insurance for bank cards will soon be able to claim compensation, the regulator has said. The Financial Conduct Authority (FCA) said compensation forms would be sent out later this month. The customers affected paid about £25 a year to protect themselves against their cards being lost or stolen. But such cover was already provided by their banks. As a result, some people may be able to claim as much as £270.