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FMA bemoans insurers’ complacency to ‘poor value’ credit card products

Few claims paid on about $20m in credit card payment insurance premiums.

The Financial Markets Authority is mulling enforcement action after a review of credit card repayment insurance (CCRI) found both the product to be “poor value” as well as complacency among its providers.

CCRI is an insurance product where a customer pays a premium, depending on the

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Hamish McNicol Thu, 23 Sep 2021
Contact the Writer: Hmcnicol@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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FMA bemoans insurers’ complacency to ‘poor value’ credit card products
General Business,
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