October 2020

Millions of customers stuck on expensive standard tariffs should start to see lower energy bills as Ofgem's new price cap kicks in today, though most could save about £200/year more by switching supplier.

PayPal is set to introduce an annual fee of up to £9 for users whose accounts have been inactive for a year or more – but you can avoid the charge by logging into your account before this month's deadline. 

The furlough scheme will now run until December and mortgage payment holidays will be extended, the Government said today, as it announced a second national lockdown in England to tackle a surge in coronavirus cases. 

Thousands of Barclaycard customers will receive rebates of £230 on average, after the firm admitted it had failed to meet "expected standards" for assessing some customers and "may have" set their credit limits too high.

Over a million Nationwide credit card holders will lose their 0.25% cashback deal in December, as the building society is scrapping this perk for its Select and Cash Reward cards. 

Energy firm Utilita has agreed to pay a redress package of £500,000 after overcharging almost 40,000 of its prepayment customers. 

Credit reference agency Experian has been ordered to make changes to how it handles people’s personal data in its direct marketing services.

Some investors with peer-to-peer lender Ratesetter are still waiting for their cash over seven months after trying to withdraw their investments, with 1,000s in virtual queues to access their money. 

MoneySavingExpert.com founder Martin Lewis has warned of the "sinkhole" waiting for many self-employed people in November, when the planned return of the universal credit "minimum income floor" could mean payments are slashed. 

Sainsbury's Nectar 'double-up' event is returning for another year, with customers able to double the value of their Nectar points to spend in store.