MPs urge RBS to stand by troubled card insurer CPP

LONDON (Reuters) - MPs have urged Royal Bank of Scotland and other lenders not to withdraw financial support from troubled credit card insurer CPP fearing the loss of more than 1,300 jobs. CPP, which insures against credit card fraud and identity theft, said on Friday it was in talks with its banks about how an overhaul of its sales procedures would affect it, following a probe by the financial regulator into alleged mis-selling. The Sunday Times reported that RBS, Barclays and Santander had refused to renew CPP's credit facilities when they expire in March 2013. CPP declined to comment. ...