Articles tagged "OFT"

RBS fined over price fixing scandal

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Royal Bank of Scotland has been slapped with a £28.6 million fine after breaking competition laws over loan pricing.

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Credit searches to be probed

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A group of MPs has called for an investigation into credit searches, amid evidence that borrowers are unfairly penalised by lenders when shopping around for credit cards and loans.

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Banks agree to highlight overdraft charges

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Banks have been ordered to make their current account costs more transparent and make it easier for customers to switch providers.

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Construction firms fined for price rigging

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More than 100 construction companies - including Balfour Beatty - have been fined a total of £129.5 million by the Office of Fair Trading for rigging bids for contracts.

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NatWest and RBS reduce overdraft fees

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NatWest and Royal Bank of Scotland have broken ranks with their banking peers by cutting the charges levied on customers who go overdrawn without permission.

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Overdraft charges battle goes to the Lords

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Victims of bank charges may find out if they can claim back their money this week, as the long-running test case into overdraft charges is heard by the House of Lords.

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Three banks focus of OFT investigation

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The Office of Fair Trading has announced it will focus on just three banks in its ongoing investigation into the fairness of overdraft fees.

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Bank charges battle could go to House of Lords

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Bank charge victims could have to wait even longer for compensation after the House of Lords gave banks the right to appeal a recent court decision that could have seen overdraft fees capped.

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Northern Rock cleared of competition concerns

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A report from the Office of Fair Trading has concluded that the nationalisation of Northern Rock did not damage competition in the financial services sector.

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