Barclays in PPI ban row

BARCLAYS yesterday launched a legal appeal against a Competition Commission decision to ban the sale of Payment Protection Insurance (PPI) alongside financial products.<br /><br />Barclays told the Competition Appeals Tribunal that a point-of-sale ban was not justified by the evidence and also argued that the scope of the definition of PPI imposed by the Commission is too broad.<br /><br />PPI is sold to consumers as insurance to cover repayments on loans if they are unable to.