Park's hit with insurance fine
Published Date:
22 August 2008
PARK'S of Hamilton was among five car dealership groups fined yesterday by the Financial Services Authority (FSA) for "serious breaches" of the rules relating to the sale of payment protection insurance (PPI).
Park's was fined £61,600 for what the FSA called exposing "customers to the risk of being sold unsuitable PPI policies" alongside loans for cars.
The five companies were together fined £175,500 for sales involving a total of 2,175 car and motorbike customers.
The full article contains 82 words and appears in The Scotsman newspaper.
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Last Updated:
21 August 2008 8:48 PM
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Source:
The Scotsman
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Location:
Edinburgh
