Finance

Hundreds of thousands of Lloyds Banking Group customers may be in line for redress after it was fined a record £28 million by the Financial Conduct Authority (FCA) over the way it put staff under pressure to sell insurance cover and investments.

George Osborne has announced the Government will cap the costs of controversial payday loans – but full details of how it will work haven't yet been set out.

The Financial Conduct Authority is to investigate price comparison websites to find out if they are misleading customers by promoting deals they want them to buy.

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."

New rules to protect consumers who invest in peer-to-peer lending sites have been unveiled by the Financial Conduct Authority.

Victims of payment protection insurance (PPI) mis-selling reclaimed £446 million in August this year, bringing the total redress paid out since January 2011 to £12 billion.

Borrowers using peer-to-peer sites are edging closer to a better protected lending and borrowing environment, following new plans outlined by the Financial Conduct Authority (FCA) today.

The days of shoddy payday loan practices could be numbered after the Financial Conduct Authority (FCA) today announced plans to crackdown on the industry.

Thousands of Clydesdale Bank mortgage customers will have some of their debt written off or be given compensation as part of a £33 million redress package, after the firm miscalculated their repayments.

"Serious problems" with the way some firms handle complaints about mis-sold payment protection insurance have been uncovered by the Financial Conduct Authority.