The Central Bank of Ireland is continuing its investigation into payment protection insurance (PPI) sales, and has indicated that enforcement actions are being considered. On 8 October 2012, the Central Bank named seven firms which have initiated a review (to be overseen by independent third parties, and monitored by the Central Bank) of their PPI sales since August 2007. The Central Bank has indicated that these firms will contact their PPI customers with indicative timeframes for, and an overview of the process involved in, completing the reviews concerned. It has explained that PPI customers need not take any action at present and will be contacted directly by the firms in question, and also warned that consumers could be charged significant fees by claims management companies making claims on their behalf in relation to PPI.