Loans

Royal Bank of Scotland has today announced the reclaiming process for the millions hit by charges after its IT meltdown, which we can exclusively reveal. The beleaguered bank will refund all charges for both its own customers and those of other banks as a result of the crisis, which still rumbles on.

Labour leader Ed Miliband says the big five banks should sell up to 1,000 more branches to increase competition.

Welsh students who received a maintenance loan over the past two academic years can get up to £1,500 of debt wiped off with just one small payment.

A number of RBS and NatWest customers have complained of loan payments being taken out twice, leaving their accounts short of cash which may trigger overdraft charges.

Workers are increasingly turning to payday loans firms because their wages run out before the end of the month, creating a "debt disease" which is spreading rapidly across the country, a new report has warned.

Vulnerable borrowers could be better protected against payday loan companies, after lenders agreed to improve their codes of practice under Government pressure.

Payday lender Wonga has been ordered to stop aggressive debt collection tactics or face a £50,000 fine. In some cases it has accused debt-ridden customers of being fraudsters for paying late.

Car supermarket Carcraft's owner has been fined for giving poor advice when selling payment protection insurance (PPI) to motorists.

Payday lenders claimed today they are being unfairly tarnished by politicians who have "misunderstood" the service provided.