Lewis had a stand in the Plaza shopping centre in London’s Oxford Street and was advising shoppers on their rights and how to save money on PPI.
Last year both the Office of Fair Trading and the Financial Service Authority released damning reports on PPI mis-selling.
Lewis tells Mortgage Strategy: “We have seen PPI sellers profiting by confusion marketing. If PPI is sold properly, hidden costs will vanish and rates will go up to as much as 8%. This means demand for loans will diminish and that can only be a good thing.”