Law firm slams Central Bank's 'reckless' advice on PPI claims

A Dublin-based law firm that is acting for more than 1,000 clients who have been mis-sold Payment Protection Insurance (PPI) in Ireland are appalled by the advice given to consumers by the Central Bank.

Mr Bernard Sheridan, the Central Bank’s director of consumer protection, said: "Consumers of the firms undertaking the reviews do not need to do anything at this point; they will be contacted directly by their PPI seller in relation to the review process and next steps."