Over a Million Consumers Still Owed by Payday Lenders
Over a million consumers are thought to be still owed compensation by payday lenders such as Wonga and Quick Quid. The Financial Conduct Authority (FCA) ordered the lenders
FCA
Credit Card Minimum Payments to be Stopped
The Financial Conduct Authority (FCA) is considering ‘de-anchoring’ the minimum payment currently offered on credit cards.
Consumers Borrow ?100 Million per Day for Cars
Consumers are borrowing over ?100 million per day to finance new cars according to the latest figures from the Finance and Leasing Association (FLA).
FCA Credit Crackdown Deemed Too Weak
The Financial Conduct Authority (FCA) has announced planned reforms to overdraft charges, rent-to-own operators, and doorstep lending. However, the financial watchdog faces criticism that it…
FCA Concerned Over UK Subprime Vehicle Finance
The FCA have voiced further concerns over the growth of UK vehicle finance deals, saying that default rates for high-risk borrowers are growing. A recent…
New Rules for Home Credit Loans
Citizens Advice has called on the government to give consumers who take out home credit loans, also known as doorstep loans, the same protection that…
Deadline for New Credit Card Rules
The Financial Conduct Authority (FCA) has announced a deadline for credit card companies to implement new rules designed to assist consumers with long term credit…
Acquire the Power of a Vanquis Refund
It seems that the power of Vanquis cannot match that of the Financial Conduct Authority (FCA), who have ordered the credit card company to refund…
Consumer Credit Finally Falling
January saw consumer credit fall for the first time in over four years as households cut back on their borrowing. Businesses also reduced their exposure…
UK Consumers Dipping into Savings to Get By
UK consumers are dipping into their savings at the fastest rate recorded, thought to suggest that they need to do so in order to keep…