CPP blasts FSA as trading is suspended

Things appear to be going from bad to worse for identity theft and credit card insurer CPP, which last week lost the Barclaycard contract and which has been rocked by demands by the City watchdog, the Financial Services Authority (FSA).

Things appear to be going from bad to worse for identity theft and credit card insurer CPP, which last week lost the Barclaycard contract and which has been rocked by demands by the City watchdog, the Financial Services Authority (FSA).

Trading in the company's shares has been suspended while CPP, at the FSA's behest, undertakes a review of certain past business sales and makes various changes to its renewals process. The request comes as a result of the FSA's findings into CPP's sales practices.

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