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: International and UK Law

Egg is fined Ł700,000 for mis-selling insurance cover for payment protection

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Egg, the online bank owned by Citigroup, has been fined Ł721,000 for ?serious failings? on sales of credit card payment protection insurance (PPI) to nearly half its customers over a three-year period. The bank may have to pay millions of pounds to customers in PPI refunds.

Full post as published by International and UK Law on December 10, 2008 (boomark / email).

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