Lamport Bassitt Solicitors - Legal News - PPI ban 'disappointing', says BBA


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS PPI ban 'disappointing', says BBA A provisional decision by the Competition Commission to pursue a point-of-sale prohibition for payment protection insurance (PPI) products has been criticised by one organisation. According to the British Bankers' Association (BBA), the judgement is disappointing. It remarked: "There is a real danger that this will result in fewer people taking out PPI, leaving them with no protection if they lose their job." The banning of firms from selling this form of cover alongside other products could result in more people becoming bankrupt, it added, as their debts will not be protected. According to the BBA - which is headquartered in Pinners Hall, London - PPI provides individuals with peace of mind. It added that it will be making its point to the competition authorities as it continues to work with them to make improvements to the product where this is necessary. If the ban goes ahead, there will have to be a gap of seven days before PPI can be sold to people taking out mortgages and other forms of credit. Related Articles: 24/12/2010 - Older drivers 'safest in poor weather' 17/12/2010 - HSE launches web tool for risk assessments 5/10/2010 - New asbestos ruling over mesothelioma disease 20/9/2010 - Theft affects one in eight students yearly 16/9/2010 - Students being 'careless with money' More Insurance Law News