Loans

One of the UK's largest credit brokers, Yes Loans Limited, could be forced to stop selling loans after the Office of Fair Trading revoked its licence, citing "deceitful" practices.

Tougher action is needed to clampdown on "opaque and poorly regulated" commercial debt management companies and payday lenders, a report from MPs urged today.

The controversial payday lending market is to be investigated by the Office of Fair Trading, the watchdog said this morning.

Cahoot customers with a 'Flexi loan' could be in line for refunds worth thousands of pounds after their rates were hiked.

Vulnerable people in England and Wales could get better protection from bailiffs after the Government revealed plans to change the way they are regulated. However, critics say the measures don't go far enough and could even cost debtors more.

Graduates who repay their student loans early will not be hit with huge penalties, following a government rethink.

Regulation for most financial products will be housed under one roof, the Government has proposed today.

A Member of the Scottish Parliament will today call for the UK government to introduce stricter controls on payday lenders.