Loans

The National Union of Students is urging colleges and universities to ban advertising from controversial payday lenders on their campuses.

A Government scheme to boost lending to home owners and businesses has resulted in less money being lent.

A group of MPs has slammed the Office of Fair Trading (OFT) for failing to take tough action against "predatory" lenders who leave vulnerable customers struggling with spiralling debts.

Payday lenders have been branded as "out of control" by debt advice charity Citizens Advice, after it found cases where money had been lent to people who were aged under 18, had mental health issues, or were drunk when they took out the loan.

The Duchess of Cornwall has praised credit unions after one London-based co-operative announced it will keep offering "affordable" payday loans following a pilot scheme.

One in five Britons have deliberately skipped a loan repayment in recent years because they cannot afford it, a study suggested today.

Inflation rose to 3.3% last month which means some students and graduates will pay a little less interest on their student loans.

Around 15,000 savers with the UK arm of stricken Cypriot bank Laiki will have their deposits protected under British rules and will escape the Cyprus banking levy, it was announced today.

Payday lender MCO has been stripped of its credit licence after allowing over 7,000 people to become unwitting victims of fraud before chasing them for repayment.