LLOYDS Banking Group will refund a total of £975,000 to thousands of PPI customers.
It comes after the bank was found to have breached rules set out by the CMA.
The latest refunds, amounting to £17,000, will be issued to 8,800 customers.
Adam Land, senior director of remedies, business and financial analysis at the CMA, said: “It’s a real concern that PPI providers are still breaking the rules by sending inaccurate PPI reminders despite a clear, well-established Order from the CMA.
“These failures can mean people end up paying for insurance they no longer need.
“We welcome the fact that Lloyds’ has refunded – or committed to refund – customers £975,000 and we will monitor the bank closely to make sure those affected by the latest breaches receive the refunds.”
More to follow…
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