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Violation Tracker UK Individual Case

Company: Lloyds Banking Group
Current Parent CompanyLloyds Banking Group
Parent at the Time of the Penalty Announcement: Lloyds Banking Group
Penalty: £0
Year: 2017
Date: 25 January, 2017
Offence Group: consumer-protection-related offences
Offence Type: insurance violation
Violation Description: The CMA issued a letter to Lloyds Bank stating it considered the company's failure to send accurate annual statements to customers with mortgage payment protection insurance to be a serious breach of the Payment Protection Insurance Market Investigation Order 2011, and taking note of the actions agreed to remedy the breach.
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)