PPI victims have until 2019 to put in a claim
People seeking compensation over mis-sold PPI will have to make a complaint before a deadline set in August 2019, the City regulator has said.
The Financial Conduct Authority (FCA) said it will start a two-year communications campaign from August 2017 to alert consumers to the cut-off point drawing a line under the scandal.
The watchdog said consumers who intend to complain about payment protection insurance "should do so as soon as possible".
They should continue to complain to the firms concerned and to the Financial Ombudsman Service if they are not satisfied with the response.
Consumers have until August 29 2019 at the latest to make a complaint, but some, including those who have previously been told by their firm that they may have been mis-sold, may run out of time sooner, the FCA said.