News - Bank rapped over mortgage letter February 9
The Halifax bank has been car finance insurance personal quote tesco by the auto company finance insurance premium united watchdog over a “home personal finance insurance” mailing to customers. The mailshot, sent to 120,000 mortgage holders with subsidiary Intelligent Finance, asked customers to reveal details of their contents insurance. The Advertising Standards Authority (ASA) upheld a complaint that Halifax had “no good reason” to request details of customers’ contents insurance. Halifax agreed to destroy information obtained through the mailing. Compliant The mailing included a request for customers to outline details of their contents and building insurance, including any renewal date. The member of the public who personal finance insurance about the mailing said the bank was trying to obtain information for marketing in the future. In response, the Halifax said that as the lender it was entitled to request insurance details. In its adjudication, the ASA said the bank was wrong to ask for details of their mortgage holders contents policy. According to the ASA the bank’s letter “misleadingly implied that the advertisers (the Halifax) needed information about the recipients’ contents insurance for their records”.
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