Citigroup Takes Late PPI Refund Fight To UK Top Court

By Joanne Faulkner (June 14, 2022, 6:44 PM BST) -- A lawyer for a Citigroup unit argued at the U.K. Supreme Court on Tuesday it should not have to pay a late claim for missold payment protection insurance because it did not know it had a legal duty to tell a customer about commission fees. 

Citigroup's Canada Square Operations Ltd. urged the justices to overturn a Court of Appeal decision that a customer could contest PPI cover taken out on a loan outside the normal six-year limitation period because she was not told 95% of her payments would go toward paying the bank commission.

Charles Kimmins QC, counsel for Canada Square,...

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