Cardifpinnacle: CMA orders banking and insurance providers to fix PPI breaches

The Competitions and Marketing Authority (CMA) has taken action against Cardif Pinnacle, and written to Nationwide and Lloyds, after they failed to provide accurate annual PPI reminders. The CMA issued Cardif Pinnacle with legally binding directions ordering it to appoint an independent body to audit its payment protection insurance (PPI) processes. It must also put...