Articles tagged "OFT"

  • Handing over cash
    OFT cracks down on payday lenders
    06/03/2013 - 12:33
    News by Hugh Morris

    The Office of Fair Trading (OFT) has given the top 50 payday loan companies 12 weeks to change their business practices or risk losing their licences.

  • debt wizard
    Why the OFT should name and shame bad debt advice firms
    03/05/2011 - 17:33
    Article by Mike Thomas

    As more and more debt firms are being found to fall short of the Office of Fair Trading's Debt Management Guideline, Moneywise's Debt Wizard Mike Thomas says more should be done to name and shame the guilty parties.

  • Time out
    RBS fined over price fixing scandal
    30/03/2010 - 09:49
    News by Rhian Nicholson

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

  • Bank sign
    Credit searches to be probed
    22/12/2009 - 12:12
    News

    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.

  • Money
    Banks agree to highlight overdraft charges
    07/10/2009 - 17:07
    News

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

  • Construction workers
    Construction firms fined for price rigging
    22/09/2009 - 10:56
    News by Tanya Powley

    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.

  • NatWest cash machine
    NatWest and RBS reduce overdraft fees
    07/09/2009 - 17:12
    News

    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.

  • Westminster Abbey
    Overdraft charges battle goes to the Lords
    23/06/2009 - 10:46
    News

    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.

  • Investigation
    Three banks focus of OFT investigation
    07/04/2009 - 09:09
    News

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

  • House of Lords
    Bank charges battle could go to House of Lords
    01/04/2009 - 17:31
    News

    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.