Loans

Graduates in the final two years of paying off their student debt can now choose the day their monthly loan repayment direct debit is taken from their account.

A self-employed IT consultant who was left without work has avoided getting into debt after reclaiming £45,000 in PPI with the help of MoneySavingExpert.com's free PPI reclaim tool.

Unarranged overdraft fees could be overhauled as the regulator pledged to continue to tackle high-cost credit, and announced it will keep the price cap on payday loans.

The Bank of England has asked lenders to set aside £11.4 billion to protect against defaults, as consumer borrowing grew by more than 10% in the last year. It's said it'll also tighten affordability criteria for mortgage lending.

The Financial Conduct Authority has branded a claim that it will be raising the price cap on payday loans as "complete fiction".

Complaints about payday lenders more than tripled in the last year, according to the latest Financial Ombudsman Service (FOS) annual report.

Millions of g raduates will pay more interest on their student loans from September, because the inflation rate these rates are linked to has risen sharply over the past year.

Payday lender Wonga is investigating an "illegal and unauthorised access" to data which could affect around 245,000 customers in the UK customers and a further 25,000 in Poland.

Santander has confirmed it will review a "misunderstood" clause in its buy-to-let mortgage terms, which states landlords must increase rents by "as much as reasonably can be achieved".