Borrowing

Payday loan brokers are posing as credit unions in an attempt to lure new customers, a real credit union is warning.

If you're a new customer shopping online at Next, you should beware a threat to your chances of getting a loan, credit card or mortgage, a MoneySavingExpert.com investigation has found.

The Financial Conduct Authority (FCA) has promised "tough and decisive action" against payday lenders that don't follow strict new rules, after taking over regulation of the consumer credit market from the Office of Fair Trading (OFT) today.

Teachers in England are being encouraged to use cartoon videos and other resources to teach children about the dangers of using loan sharks, along with how to manage their money wisely.

Payday lenders will have to make sure their customers can afford their loans and face having misleading ads banned under new rules to crack down on the industry.

Around 34,000 mortgage borrowers are to share out £8.4 million in refunds after Yorkshire Building Society admitted wrongly charging customers who had fallen behind with repayments.

Aqua Cashback Reward credit card customers should consider ditching it and switching elsewhere as the provider is slashing the amount you can earn in cashback from 3% to 0.5%.

MoneySavingExpert.com creator Martin Lewis has criticised payday lenders in a meeting with MPs, saying: "I think we'd all be a lot better off without them."

HSBC is the latest bank to set aside extra cash to compensate victims of the payment protection insurance (PPI) mis-selling scandal, it's been announced today.