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Barclays scraps unfair bank charges from Monday

Monday will see one of the UK’s biggest banks, Barclays, cut the charges it implements for unauthorised overdrafts, bouncing cheques and returned direct debits – a decision which could prove to be a major victory for the consumer.
Consumer action groups are praising Barclays’ initiative to cut its bank charges ahead of a court ruling […]

£840,000 fine for LV for mis-selling PPI

Liverpool Victoria (LV=) Banking Services (LVBS) has been fined £840,000 by the FSA for mis-leading customers on the sale of Payment Protection Insurance (PPI).
The penalty was imposed for “failings in relation to PPI offered to customers who telephoned LVBS seeking unsecured personal loans between 14 January 2005 and 8 August 2007.”
According to the FSA, when […]