The Association of Finance Brokers (AFB) has announced that resolving the ongoing issue of Payment Protection Insurance (PPI) will be one of their three key priorities for this year.
The AFB also wants to determine ways of raising standards throughout the industry for consumers and to support the introduction of new technology .
Robert Sinclair, AFB director, says the secure loans industry needs to address a number of challenges in 2008 which includes implementing the final changes to the Consumer Credit Act 2006, passing the European Consumer Credit Directive and the Competition Commission’s and FSA’s continuing reviews of PPI .
Sinclair says: "There will continue to be a focus on consumer debt and how the industry can help address their situation," he says. "Against the backdrop of the credit crunch and a less robust economy, there is much work to be done."
The PPI working group will involve representatives from insurers, lenders and brokers to look into the decisions that have been discussed by the AFB board.
AFB to concentrate on PPI in 2008
Financial Services > Income lnsurance > News
AFB to concentrate on PPI in 2008
Wed, 02 Apr 2008
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