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  • 5corpio
    started a blog post Lloyds' overdraft fees unacceptable, says MP

    Lloyds' overdraft fees unacceptable, says MP

    Lloyds Banking Group has been criticised for introducing new overdraft charges on Monday ahead of a proposed crackdown later this year. An MP described the fees - which will equate to an annual interest charge of up to 61% - as "unacceptable". The Financial Conduct Authority wants to scrap...
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  • 5corpio
    started a blog post Energy firm ceases trading after ban - Economy Energy

    Energy firm ceases trading after ban - Economy Energy

    Energy supplier Economy Energy, which was recently banned from taking on new customers, has collapsed. The supply to its 235,000 domestic customers will continue, any credit they have will be protected, and a new supplier will take on their accounts. Regulator Ofgem said a new supplier would be appointed...
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  • 5corpio
    started a blog post Nuisance call bosses face £500,000 fines

    Nuisance call bosses face £500,000 fines

    Directors of firms that cold-call consumers can now be fined up to £500,000 under new rules that have come into force. A ban on unsolicited phone calls came into effect in September this year. But some directors whose firms were shut down were able to evade fines by declaring bankruptcy - and then starting...
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  • 5corpio
    started a blog post FCA under fire over Lloyds compensation scheme

    FCA under fire over Lloyds compensation scheme

    The Financial Conduct Authority (FCA) has been criticised for allowing Lloyds Banking Group to set up a "flawed" compensation scheme for victims of a massive fraud. The SME Alliance, which represents small firms ruined in the fraud, has filed an official complaint with FCA. It accuses Lloyds...
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  • 5corpio
    started a blog post Overdraft woes

    Overdraft woes

    ...............dipped into an overdraft to pay for an emergency but, like millions of people in the UK, found it tough to climb back out. daily overdraft charges meant families had nothing to spend after rent and grocery bills and were "one bill from financial disaster". Newly-announced plans...
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