Borrowing

£424 million was paid out to victims of payment protection insurance (PPI) mis-selling in April this year — bringing the total bill across the industry to over £10 billion so far.

Lloyds Banking Group has admitted to "issues" with how it handles payment protection insurance (PPI) complaints after an investigation alleged staff were told to ignore possible fraud.

House prices recorded their largest annual increase in more than a year in April, according to Nationwide.

A leading MP has urged the regulator to investigate whether Bank of Ireland is guilty of mis-selling after it announced plans to hike 13,500 customers' base rate tracker mortgages, even though the base rate hasn't moved for four years.

House prices saw their biggest year-on-year growth in more than two years during February, Halifax reported today.

Payday lenders have been ordered to play fair or risk being banned from the sector after a study found "explosive" evidence of irresponsible lending.

Consumer campaigners want a clampdown to clean up the "irresponsible" credit industry after finding nearly a quarter of people who take out expensive payday loans are using them to plug other debts.

Month-on-month house prices fell in January, although quarterly prices have seen their biggest price increase in three years, Halifax said today.