FCA announces compensation package for mis-sold card security products

Following the Financial Conduct Authority (FCA) announcement today that consumers can claim compensation for mis-sold card security products, David Mann, Head of Money at Uswitch.com, says: “The FCA should be applauded for taking a step in the right direction and steering the banking industry to take voluntary action.

“However, this situation will feel all too familiar to many consumers who will no doubt be questioning why their bank sold them security products they had no need for. There is still a long way to go to fully restore trust in banks. Products and services should only be sold in a clear and transparent manner so people only ever pay for the products they actually need.”

FOR MORE INFORMATION

Ailene Barr

Phone: 020 3872 5610

Email: ailene.barr@uswitch.com

Twitter: @uswitchPR

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