MoneySavingExpert News Banking New finance watchdog can ban dodgy productsPlans are being set in motion to allow the new financial regulator to ban dodgy products before they are mis-sold on a massive scale. 3 December 2012 Millions of Lloyds customers to get letters about Co-op switchLloyds Banking Group is writing to millions of customers this week to explain how their banking arrangements will change as it prepares to sell over 600 branches to the Co-op.28 November 2012 Nationwide launches interest-paying current account... but it's beatableNationwide has launched a current account paying interest, but it can be beaten by a host of other deals. 27 November 2012 PPI payouts top £7 billionA whopping £516 million was paid out to victims of payment protection insurance (PPI) mis-selling in September, according to latest industry figures. 21 November 2012 Which? wants jargon-free banking small printBanks are being urged to slash the length of their small print after a consumer group found terms and conditions can take an hour-and-a-half to read.21 November 2012 Largest inflation jump in two-and-a-half yearsUK inflation leapt to 3.2% last month, largely due to rising university fees, food costs and mortgage rates.13 November 2012 Consumer Credit Counselling Service becomes StepChangeDebt charity the Consumer Credit Counselling Service (CCCS) has changed its name to StepChange Debt Charity. 12 November 2012 Basic bank accounts 'should have clear standards'Banks should set minimum standards for basic bank accounts, which are used by one in five customers in the UK, a new report from Consumer Focus says. 2 November 2012 Consumers promised swift financial justice under new regulatorConsumers have been told the new financial regulator will work faster than its predecessor to stop mis-selling and protect customers.16 October 2012 Barclays scraps staff sales commission, but will it stop mis-selling?Barclays is to abolish sales incentives for frontline branch and telephone staff, which it hopes will help prevent mis-selling.15 October 2012 First787980 Suggest a story Got a money-related news story that affects you? Email us