The UK’s competition watchdog has taken action against Barclays after it failed, for a second time, to send annual payment protection insurance (PPI) reminders to some of Littlewoods credit card customers.
The Competition and Markets Authority (CMA) claims that between October 2016 and October 2017, Barclays failed to send reminders to 2,265 Littlewoods credit card customers, who had PPI policies.
Following that breach, Barclays wrote to all affected customers, providing a reminder of their right to cancel the policy and offer a refund.
Following an investigation into PPI by the Competition Commission in 2011, one of the measures introduced was that customers should receive an annual reminder from their provider setting out clearly how much they had paid for their PPI and their right to cancel the policy.
Full Content: The Telegraph
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
DOJ and FTC Introduce Website for Reporting Anti-Competitive Healthcare Practices
Apr 18, 2024 by
CPI
US Congress Advances Legislation to Compel TikTok Sale
Apr 18, 2024 by
CPI
UK Financial Sector Advocates Enhanced Regulatory Accountability
Apr 18, 2024 by
CPI
Google and All 50 States Defend $700 Million Consumer Settlement
Apr 18, 2024 by
CPI
Colorado Enacts First Law to Protect Consumer Brainwave Data
Apr 18, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI