Finance

The majority of CPP mis-selling victims won't be given another chance to get their money back after the Financial Conduct Authority (FCA) has disappointingly rejected MoneySavingExpert.com's calls to reopen the redress scheme.

MoneySavingExpert.com today urges City watchdog, the Financial Conduct Authority, to allow victims of the wide-scale CPP mis-selling scandal who've yet to claim their cash to do so, after the redress door was slammed shut in August. 

Payday lenders will have to provide details of their loans to comparison websites in order to operate, under new proposals set out by the Competition and Markets Authority (CMA) today.

All Wonga customers who are 30 days or more in arrears on their loans will have the balance completely written off, while all customers who are in arrears of up to 29 days will have the interest and charges on their loans wiped.

Banks and credit card providers are reopening two and a half million old PPI complaints after unfairly rejecting or underpaying victims, the regulator revealed today.

Royal Bank of Scotland and NatWest have today been fined nearly £14.5 million after the Financial Conduct Authority (FCA) found "serious failings" with the mortgage advice given to customers.

Customers of Stonebridge International Insurance may be entitled to redress after the firm has been fined £8.4 million by the Financial Conduct Authority (FCA) for its underhand selling tactics and the way it handled customer requests to cancel their policies.

Hundreds of existing and former RAC and Budget insurance policyholders may be paying almost £50 a year for unwanted personal accident cover after failing to untick a box offering a free trial of the product.

Halifax, Lloyds TSB and NatWest have been exposed as being as bad as Wonga when it comes to sending customers misleading debt demands purporting to be from external solicitors or debt collection firms.

Barclays' payment protection insurance (PPI) bill has climbed to £4.85 billion, after it announced it has set aside a further £900 million to pay for its part in the mis-selling scandal.