At least 25 million euro is to be refunded to customers who were mis-sold Payment Protection Insurance.
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350 thousand PPIs were issued by 11 banks since July 2007 – of which over half have so far been reviewed.
One in five policies have been found to be in breach of the Central Bank’s Consumer Protection Code.
PPIs cover loan repayments for a time – if a policyholder suffers an accident, becomes ill or loses their job.
