CPP increases compensation pot

Embattled credit card insurer CPP Group has revealed a soaring bill to compensate customers mis-sold policies as it offloaded its US arm to buy vital breathing space.

The York-based group, which last year was hit by a £10.5 million fine for "widespread'' mis-selling, hiked provisions for compensation and associated costs to £51.7 million from £33.4 million.
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