Regulator Ofgem is pushing ahead with plans to encourage customers to find the best energy deals, with a series of trials taking place that will include forcing suppliers to reveal cheaper tariffs offered by rivals.
Lloyds Banking Group has today announced plans to buy MBNA in a deal that would see it control over a quarter of the UK credit card market - but the banking giant has vowed there will be "no immediate impact" for customers of either firm.
The competition watchdog has warned it will take action against secondary ticketing websites found to be flouting consumer law, after it launched a formal probe today.
Care home residents and their families who have encountered hidden charges or unexpected fee increases are being encouraged to notify the Competition and Markets Authority (CMA) as part of its investigation into whether people in care homes are being treated fairly.
The Financial Conduct Authority (FCA) has today announced it will help make current accounts more open and competitive by developing a range of prompts and alerts for customers to review their bank account choices and overdraft use.
Transport giant Arriva's takeover of rail services in northern England has stifled competition and could push up fares on certain routes, the Competition and Markets Authority (CMA) has warned.
A report by the competition watchdog ordering monthly unarranged overdraft fees to be capped has been criticised by the Treasury Committee for not going far enough.
Banks have been told they must take part in an "Open Banking revolution" and allow customers to manage their accounts with multiple providers through a single digital app by early 2018, as part of a package of measures designed to "shake up retail banking for years to come".
Energy regulator Ofgem has announced that an interim price cap set to save four million people on prepay meters around £75/year will come into effect from next April.
3 August 2016
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