Now banks face £1billion bill for mis-selling credit card fraud insurance

Customers of HSBC, Barclays, Santander, NatWest and Nationwide will be paid compensations over the next few months

Millions of bank customers mis-sold useless credit card theft insurance are set for payouts from a £1billion compensation fund.

Customers of HSBC, Barclays, Santander, NatWest and Nationwide will be paid compensations over the next few months.