Finance

Compensation paid to victims of payment protection insurance mis-selling hit at least £1.9 billion in 2011, new figures show.

Santander has been fined £1.5 million by the City regulator for failing to clearly tell customers how safe their investments were.

A "revolutionary" app enabling people to send and receive money just by using mobile phone numbers has been made available to UK consumers.

Regulation for most financial products will be housed under one roof, the Government has proposed today.

Consumers using unauthorised overdrafts find it virtually impossible to calculate how much their bank or building society would charge them or compare fees between providers, research from consumer group Which? has found.

The new system of financial regulation must help consumers by promoting competition and better communication so it does not repeat the "shortcomings" of the Financial Services Authority (FSA), a committee of MPs said today.

Bank customers who were mis-sold paid-for current accounts can reclaim any money they've shelled out, watchdogs say.

A record number of disputes regarding the mis-selling of payment protection insurance (PPI) will need to be resolved over the next year, as banks and insurers have subjected customers to "delays and inconvenience", a finance watchdog warned today.

Redress paid to victims of payment protection insurance mis-selling has hit £1 billion in 2011, new figures show.