The regulator has set a deadline of 2018 for claims by Britons that allege they were seeking payment fraud insurance , in what may be the uk 's costliest consumer finance scheme ; banks have already set aside over £ 28bn to cover compensating the claims . Lloyds , which is thought to be most exposed to the risks , has put aside £ 14bn .
The FCA has set a deadline of 2018 for claims by Britons that allege they were missold payment protection insurance, in what may become the UK's costliest consumer finance scandal; banks have already set aside over £28bn to cover compensating the victims. Lloyds, which is thought to be most exposed to the scandal, has put aside £14bn.