More than one in three of the payday lenders ordered by the Office of Fair Trading (OFT) to prove their practices are up to scratch have decided to quit the industry.
The Office of Fair Trading (OFT) has confirmed it won't be recommending the Competition Commission investigate the current account market — but warned providers they'll face a probe if they don't get their house in order.
Low-cost airlines, estate agents and gyms are among businesses which face being taken to court over hidden charges under proposals put forward by legal reform bodies.
The motor insurance industry is to face a full-blown investigation after competition watchdogs said the market wasn't working for consumers and found premiums were being pushed up by £225 million a year.
Consumers will have greater protection from unfair terms hidden in the small print of financial, energy, mobile and gym contracts, under new proposals.
Dodgy claim firms are making more than three times as many bogus mis-sold payment protection insurance (PPI) claims to building societies, the societies' trade body says.
9 July 2012
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