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Borrowers pay back £400m in December
15 January 2013 Consumers cut their debts at the fastest rate in two decades during December amid signs they dipped into savings to pay for Christmas. Bank of England figures…
Roll-over loans curb agreed by Wonga
15 January 2013 Britain’s biggest payday loan company, Wonga, has signed up to a new code of practice being introduced on Wednesday that will restrict the number of times a…
EU targets payday loan sites that break rules
15 January 2013 Payday loan firms which flout European consumer rules will be shut down, the European Union said this week. Its investigations found that four out of five UK…
Pawn again: The rebirth of the high-street credit merchants
15 January 2013 Room in Mayfair, two men shake hands across a sleek wooden desk. Casually but expensively dressed, one gets up and turns toward the glass security door that’s…
Wonga slammed over student loan information
15 January 2013 Online payday loan firm Wonga was forced to remove an article from its website yesterday after it caused outrage by suggesting that students should take out loans…
New regulation ‘will hinder lending’
15 January 2013 Delays and uncertainty over new financial regulations risk upending long-term investments such as new mining projects or international trade, the head of Barclays’ investment bank has warned.…
Nigerian Finance Minister’s Mother Abducted
15 january 2013 The police said Monday that they were searching for the mother of Nigeria’s finance minister after she was kidnapped on Sunday. Kamene Okonjo, 83, the mother of…
EU to shut down ‘misleading’ loan websites
15 January 2013 The EU is cracking down on loan websites after an investigation revealed that 70 per cent are operating outside the law by misleading borrowers about credit deals.…
European Finance Ministers Look to Strengthen E.U. Rules
15 january 2013 BRUSSELS — European finance ministers said Wednesday that they were counting on an agreement next week on stronger fiscal union to restore investor confidence in the euro…
Beat miserly bank returns by going social
15 January 2013 New Year always brings well-intentioned resolutions but if you’re fed up with the banks and want to find a new way to save or borrow in 2013,…
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