As a native German speaking whose second language is English, I still do even at my somewhat advanced age delight in the crapulent,aspiring lower middle class english euphimisms such as ” mis-selling ” that are employed by vapid,posturing newspapers such as The Daily Mail for ,what is in point of fact,systematic,institutionalised fraud and embezzlement…Now banks face £1billion bill for mis-selling credit card fraud insurance
Millions of customers will be paid compensation from a £1billion fund
HSBC, Barclays, Santander, NatWest and Nationwide customers will be paid
Follows an investigation into a company which sold so-called card and identity theft cover via banks between 2005 and 2011
By SAM DUNN
PUBLISHED: 23:18, 19 July 2013 | UPDATED: 23:19, 19 July 2013
Millions of bank customers mis-sold useless credit card theft insurance are set for payouts from a £1billion compensation fund.
Customers of HSBC, Barclays, Santander, NatWest and Nationwide will be paid compensations over the next few months.
It follows an investigation last year by the Financial Conduct Authority into CPP, a company which sold so-called card and identity theft cover via banks between 2005 and 2011.
Capitalism does not entail criminality,capitalism is criminality.To paraphrase Nietzsche, ” What the banks say is lies,what the banks have is theft “.