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Banks Pay Out £38B In Largest Redress Move, FCA Says

By Najiyya Budaly (April 24, 2020, 12:25 PM BST) -- Banks have paid out £38 billion ($47 billion) in refunds in Britain's "largest consumer redress exercise," the Financial Conduct Authority said Friday, as lenders continue to deal with complaints about wrongly sold payment protection insurance after the August 2019 deadline....

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