Representatives from all the major financial service providers and regulators have today pledged action to help make reclaiming payment protection insurance (PPI) for free a lot easier.
Hundreds of thousands of students who start university this year are likely to face interest rates of 6.6% on their loans from September, higher than many mortgage rates.
Payment protection insurance (PPI) can no longer be sold at the same time you take out a mortgage, loan or credit card, under new rules that come into force on Friday.
The Financial Ombudsman Service has moved to tackle the huge delays for consumers who reclaim mis-sold payment protection insurance (PPI) caused by the flood of cases it has to deal with.
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.
8 March 2012
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