MSE News

Loans

Mis-sold Wage Day Advance payday loan customers will get back less than 6% of compensation claims

Compensation will be just 5.68p in every £1 as administrator KPMG says there's no more money available for claims

22 May 2020

Payment freezes confirmed for car finance and high-cost credit customers struggling due to coronavirus

The financial regulator has confirmed a new set of payment freezes for customers struggling due to coronavirus, to be be introduced on Monday

24 April 2020

Payment freezes planned for car finance and high-cost credit customers struggling due to coronavirus

The financial regulator has proposed a new set of payment freezes for customers struggling financially due to Covid-19, on car finance deals, payday loans and buy-now-pay-later agreements

17 April 2020

Credit score builder Loqbox hit by data breach

Some customers of credit history-building tool Loqbox have had personal and financial data compromised after the firm was hit by a "sophisticated and complex" cyber-attack

2 March 2020

Payday lender 247Moneybox collapses

Payday loans provider 247Moneybox has collapsed into administration and will no longer be offering loans

2 December 2019

Payday lender QuickQuid goes into administration – what you need to know

Britain's biggest payday lender has said it will pull out of the UK after a series of complaints and regulatory uncertainty rocked the business

26 October 2019

Peer-to-peer lender Funding Secure goes into administration – what you need to know

Peer-to-peer lender Funding Secure has gone into administration – here's what you need to know

24 October 2019

Zopa launches new credit-scoring tool

Peer-to-peer lender Zopa has launched a new free credit-scoring tool

16 October 2019

Clampdown on car finance commission 'to save drivers £165m'

Motorists are predicted to save around £165 million a year under new proposals from the financial regulator to ban dealers from taking commission linked to the interest rate on car financing

15 October 2019

Peer-to-peer lenders told to clean up poor practices or face crackdown

The financial regulator has sent a seven-page letter to peer-to-peer lending firms warning them the industry must clean up poor practices or face a "strong and rapid" crackdown

27 September 2019

Suggest a Story

Got a money-related news story that affects you? Email us