MSE News

OFT

Co-op still refunding customers nearly two years after admitting it violated regulations

Nearly two years after admitting it breached the Consumer Credit Act, the Co-op Bank continues to refund customers

18 June 2015

Wonga escapes police probe over 'fake' lawyer letters

City of London Police says it won't carry out a criminal investigation into Wonga's dodgy debt collection practices

5 February 2015

Motorists to get a better deal as watchdog clamps down on comparison sites

The competition watchdog has banned pricing agreements between comparison sites and car insurers

24 September 2014

Payday lender The Money Shop lent thousands too much money, watchdog rules

Over 6,000 borrowers who were lent more than they could afford are to be refunded a combined total of more than £700,000

14 July 2014

Wonga to pay £2.6m after threatening borrowers with fake lawyers

Wonga pressured 45,000 customers into repaying payday loans by sending letters from non-existent law firms chasing debt

25 June 2014

Payday lenders must comply with new rules from today

The FCA promises 'tough and decisive action' against payday lenders that do not follow its strict new rules

1 April 2014

Furniture firms promise change after OFT ‘sale’ price probe

Five furniture and carpet retailers have agreed to change their pricing practices following an investigation

21 March 2014

Lenders to repay £149m after paperwork blunders discovered

Nearly half a million personal loan and credit card customers are in line for a windfall after lender paperwork errors

20 March 2014

Payday lenders face debt collection probe

The way payday lenders collect debts and deal with borrowers who owe them money will come under the spotlight next month

12 March 2014

Payday loan firms face legal crackdown from April

Payday lenders will have to ensure customers can afford loans and face having misleading ads banned under new FCA rules

28 February 2014

Suggest a Story

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