A statement released by the CAT today says Barclays is seeking to challenge the decision to introduce a prohibition on distributors selling PPI at the credit point of sale.
Barclays is also challenging the findings in relation to the relevant market and the findings in relation to the factors affecting the nature and extent of competition in the supply of non-retail PPI.
The statement said: “First, Barclays argues that the Commission failed to take account of considerations which are relevant to the proportionality of the point of sale. In particular, the Commission failed to consider and take account of the extent of benefits that would arise from its proposed remedies taken as a package..
“Barclays also contends that the Commission concluded that the point of sale was justified without any proper evidential basis for this conclusion and incorrectly concluded that the point of sale was a more reasonable, effective or proportionate remedy to impose than a proposal made by Barclays involving informational remedies and an increased cooling-off period.”
In addition, Barclays says the Commission failed to take account of relevant considerations and or took account of irrelevant considerations in its analysis of the extent of consumer detriment arising from the adverse effect on competition.
Barclays is now requesting that the CAT quash the point of sale ban, refer the matter back to the Commission with a direction to reconsider and order that the Commission pay Barclays its costs.