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Violation Tracker UK Individual Case

Company: Barclays
Current Parent CompanyBarclays
Parent at the Time of the Penalty Announcement: Barclays
Penalty: £1,000,000
Year: 2022
Date: 9 November, 2022
Offence Group: consumer-protection-related offences
Offence Type: consumer protection violation
Violation Description: After the CMA informed Barclays that it had breached the CMA PP order by failing to send reminders to its former Mortgage Payment Protection Insurance policy holders, the company decided to pay an estimated £1 million in refunds and goodwill payments to customers that may have kept their policies for longer than necessary or stopped checking for cheaper alternatives.
Action Type: agency action
Agency: Competition and Markets Authority
HQ Country of Parent: United Kingdom
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: banking
Source of Data(click here)