People struggling with serious debt are set to be given a longer grace period of 60 days before being hit with further interest, charges and enforcement action, the Treasury has announced.
A new 'name check' service is being set up to tackle money transfer scams and lower the risk of online payments being sent to the wrong account – with some banks expected to start using it early next year.
TSB customers have wrongly received texts saying they don't have enough money to make payments and that they need to pay cash into their account that same day, MoneySavingExpert.com can reveal.
Lloyds, Halifax and Bank of Scotland have been rapped by the competition watchdog for failing to send out the correct information to thousands of customers who had PPI policies.
4 October 2018
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