Treasury Committee

Martin Lewis has called for the "explosive" market for buy now, pay later products to be regulated as soon as possible in a Treasury Committee evidence session this week.

MoneySavingExpert.com founder and chair Martin Lewis has warned MPs that workers' finances could be permanently damaged without short-term support during the coronavirus crisis, as part of a Treasury Committee evidence session on the economic impact of the pandemic. 

Martin Lewis has called on the Government to act to help "mortgage prisoners" as he gave evidence to the Treasury Committee about the financial impact of the coronavirus pandemic, warning that more households could become trapped as a result of the crisis. 

Treasury Minister John Glen has said that he is willing to consider extending the limits of the financial regulator's powers to help more 'mortgage prisoners' who are stuck on expensive deals with unregulated lenders and lenders that no longer offer new mortgages.

A group of MPs has called for the Lifetime ISA to be scrapped, just over a year after it was launched.

The Financial Conduct Authority has been accused of having no "sense of urgency" as it grapples with how to help 30,000 so-called 'mortgage prisoners' who have been told they can't afford to switch to a cheaper deal.

1,300 TSB customers have had money taken out of their accounts by fraudsters, the bank's chief executive Paul Pester revealed today, as a grilling by MPs exposed the full devastating impact of the bank's catastrophic IT meltdown.

TSB has admitted it's been deluged with 40,000 complaints from customers over the IT meltdown which has gripped it for more than a week - and only half of them have even been acknowledged so far.

American Express is considering big changes to the way it processes payments in a bid to stop fraud on lost or stolen contactless cards which have been cancelled, MoneySavingExpert.com can reveal.

A senior Labour MP has taken the fight against post-cancellation fraud on contactless credit cards to Parliament, vowing to work with the industry to "push for better security measures" for consumers.