Financial Conduct Authority (FCA) directors are due to hold crunch talks about putting a possible deadline on PPI claims, according to media reports.
Sky News said it has learned that the topic is due to be discussed as part of a scheduled board meeting taking place on 24 September.
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At the start of 2015, the regulator revealed it was considering the possibility of placing a time limit on one of the worst banking scandals to emerge since the recession.
The matter was complicated by a Supreme Court ruling in a case between Paragon Personal Finance and a Mrs Plevin, which found that the non-disclosure of commission details resulted in an unfair relationship.
The FCA said in May it would consider the implications of the decision ‘over the coming months‘.
According to Sky News, its source said: "The FCA was unlikely to announce a decision immediately after Thursday’s board meeting about whether to recommend a time-bar, with its eventual proposals expected to be subject to consultation."
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