Call for PPI claim firms regulation

AOL Money Staff
Ken Clarke
Ken Clarke

Banks and consumer bodies are to press Justice Secretary Ken Clarke for tougher regulation of the claims management companies being used by people to obtain payment protection insurance (PPI) compensation.

The move follows a summit organised by MoneySavingExpert.com and Which? which saw representatives from major banks and credit card providers meet financial regulators to work out how consumers can claim back their money more easily without using third parties.