Loans

Payday lenders will have to provide details of their loans to comparison websites in order to operate, under new proposals set out by the Competition and Markets Authority (CMA) today.

All Wonga customers who are 30 days or more in arrears on their loans will have the balance completely written off, while all customers who are in arrears of up to 29 days will have the interest and charges on their loans wiped.

Muslim students in England will be able to get alternative student finance acceptable under Sharia law the Government has confirmed, although this will not be available until 2016 at the earliest.

The number of people struggling to cope with payday loan debts has risen by more than 13,000 in the past year, new figures show.

Banks and credit card providers are reopening two and a half million old PPI complaints after unfairly rejecting or underpaying victims, the regulator revealed today.

Complaints about "payday loan middlemen" – websites that take hundreds of pounds from vulnerable people on the promise of finding cheap credit – have more than doubled in the last year, the Ombudsman says.

Graduates will pay less interest on their student loans from September, but fewer people with a pre-1998 mortgage style loan will qualify to defer theirs as the minimum earnings threshold needed to do so is falling.

If you've got a personal loan with HSBC, you may get a refund of your interest after the bank admitted making a mistake on annual statements.