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May 2019

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FSA imposes largest retail fine of US$16.7 mln for mis-selling

Source: Asia Insurance Review | Dec 2012

For the “widespread” mis-selling of two of UK’s Card Protection Plan (CPP)’s main products, the Financial Services Authority (FSA) has fined CPP, a credit card insurer, the joint largest retail fine ever at GBP10.5 million (US$16.7 million).

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