About 20,000 Irish people will get letters from CPP and many will be entitled to compensation. Many of these people still have - and continue to pay for - the insurance.
The insurance in question is card protection and identity protection insurance. This insurance was sold as a way for consumers to protect themselves against fraudulent transactions on their credit cards if their cards were lost or stolen. However, the insurance is useless because customers are not liable for any unauthorised payments on their cards - instead, banks automatically refund any money that is fraudulently takenthere is more