Treasury Committee

American Express is considering big changes to the way it processes payments in a bid to stop fraud on lost or stolen contactless cards which have been cancelled, MoneySavingExpert.com can reveal.

A senior Labour MP has taken the fight against post-cancellation fraud on contactless credit cards to Parliament, vowing to work with the industry to "push for better security measures" for consumers.

A report by the competition watchdog ordering monthly unarranged overdraft fees to be capped has been criticised by the Treasury Committee for not going far enough.

The Money Advice Service – the official organisation created to offer consumers free advice on their finances – is to be replaced by a new "slimmed down" body under plans set out in the 2016 Budget.

The chairman of the influential Treasury Committee has renewed his call for the Chancellor to prevent an "absurd" cut to the amount of savings protected if your bank, building society or credit union goes bust.

The chairman of the influential Treasury Committee has called on the Chancellor to prevent an "absurd" cut to the amount of savings protected if your bank, building society or credit union goes bust.

Martin Lewis, founder and editor of MoneySavingExpert.com, has joined a 'challenger panel' in a bid to make radical improvements to the Money Advice Service (MAS), after an independent review criticised the way it is run.

While it's been available to publish since December, today the Treasury has finally released its response to the independent commissioned report by Christine Farnish, who has called for radical changes to the Money Advice Service and for an end to the marketeers gravy train.

The chairman of the Treasury Select Committee has written to Barclays, HSBC, Lloyds, RBS and Santander asking for more information about fraud figures after the committee heard evidence the 'banks may be understating the level of fraud in the banking system' .

Of the 45,000 customers who received fake lawyer letters from payday lender Wonga, 18,000 have yet to receive compensation offers from the firm.