Banks braced for exposure to CPP mis-selling investigation

High street banks in discussion with the FSA over sale of credit card protection products Britain's major high-street banks, already reeling from the PPI scandal, could be forced to pay out millions more pounds in compensation to customers for a widely mis-sold card protection product. The banks are in discussion with the Financial Services Authority about how this could be paid after the watchdog announced it had hit identity theft and credit card insurance company CPP for £33.4m in fines an...