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    European Finance Ministers Agree to Speed Up Bailout of Spanish Banks

    15 january 2013 BRUSSELS — With Spain’s borrowing costs climbing again to critical levels, European finance ministers decided early Tuesday to speed up their promised bailout for the country’s troubled…

    OFT says ‘no licence’ to broker Yes Loans

    15  January 2013 One of Britain’s biggest personal loan brokers, Yes Loans, has been successfully shut down by the Office of Fair Trading after preying on consumers with “deceitful and…

    Simon Read: Do payday lenders treat people with dignity and respect?

    15  January 2013 Some great news from payday lenders this week. They claim that we’ve got them all wrong and, in fact, their customers are a very happy bunch. They’ve…

    Fans tell clubs to stop the payday-loans profiteering

    15  January 2013 A Northampton Town supporter is leading a campaign to force football clubs to ban payday loan firms from advertising on their websites. Bob Ward, a 67-year-old lifelong…

    Money Insider: Annual credit card statements on the way

    15  January 2013 As well as receiving their usual monthly account statement, the UK’s 31 million credit card holders willsoon start to see a new type of credit card statement…

    Alternative to payday lenders offered at new discount site

    15  January 2013 A new discount website will encourage hard-up people to turn to credit unions rather than become loan shark victims. Smarterbuys.org.uk will be launched by the social housing…

    Rise in employers checking staff credit records

    15  January 2013 Employers are increasingly using credit checks when deciding who to hire, according to financial information service Call Credit. In the past, credit checks have been the preserve…

    OFT tells firms to stop using misleading ‘helpline’ names

    15  January 2013 Businesses offering credit services must not mislead customers into believing they are a charity or government body by using names such as “helpline” or “debtline”, the trading…

    Credit unions urged to modernise

    15  January 2013 Up to seven million people who currently pay a high price for borrowing could be helped by the growth of credit unions, a Government report said today.…

    Simon Read: The payday lender betting on passers-by to borrow a stake

    15  January 2013 Payday lenders assure me they don’t prey on the vulnerable. Instead they claim to offer a valuable service to busy people who need cash in a hurry.…