OFT

As the Office of Fair Trading (OFT) announces it will investigate whether mobile and tablet games encourage children to spend hefty sums, MoneySavingExpert.com has found a host of iPhone games which charge up to £70 a pop for virtual items.

Firms will no longer be able to charge excessive credit and debit card fees when new rules come into force tomorrow.

Travel companies must provide consumers with clear, transparent and timely information when advertising and selling flights and holidays, under new guidelines issued today.

Payday lender MCO has been stripped of its credit licence after allowing over 7,000 people to become unwitting victims of fraud before chasing them for repayment.

Tougher action is needed to stop people being plagued by firms pushing them to make payment protection insurance (PPI) and personal injury claims, consumer campaigners said today.

Nearly a million gym members will have improved rights to cancel their contracts, after three major firms were forcefully persuaded to clean up their act by the regulator.

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.

The number of calls from people with payday loan problems to the National Debtline charity increased by 94% last year, new figures show.

Unscrupulous credit firms can now have their licences taken away immediately under new powers given to the Office of Fair Trading (OFT).