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77,000 bank customers due refund


by Juliette Gash  07th Mar 2014  08:23
Today FM image

Banks mis-sold PPIs

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The Central Bank says it's considering taking action against 11 banks responsible for mis-selling financial products.

More than 67 million euro is to be refunded to 77-thousand customers who were wrongfully sold payment protection insurance.

The Central Bank says anyone who was mis-sold a PPI in the six years from 2007 - when the Central Bank guidelines were introduced - will get their money back.

Bernard Sheridan is director of consumer protection at the Central Bank:



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