We are weeks away from a revolution in British banking, but most of us have no idea what Open Banking will mean for us.
From January 13 the new Open Banking rules will allow customers to easily and securely instruct their banks to share their personal financial information with other banks and financially regulated companies.Read More
Britain’s high street banks shed almost a thousand branches in 2017.
Analysts have attributed PPI compensation as a £28.5 billion boost to the UK economy, but now they are starting to ask what will happen when the money runs out?
Royal Bank Of Scotland (RBS) has announced the closure of 259 branches and the axing of 680 jobs, blaming the growth of online banking for the move.
The number of closures have so concerned Scottish business minister Paul Wheelhouse that he has urged the UK government to take steps to ensure that communities have access to day-to-day banking services.Read More
As the countdown to the festive season gathers pace, we are all looking forward to some time off work and lots of good food, good wine and presents.
But it’s an expensive time of year and for many of us it’s followed by a very unwelcome credit card bill in January.Read More
Pensioner Mr L.B knew he had taken out several loans and credit cards in the past, but he had no idea whether or not PPI was attached to any of them.
“To be honest, I’d never even thought about making any sort of claim and then I saw the Gladstone Brookes advert and thought I would give it a try and then I could be sure.”
Doorstep lender Provident Financial is facing a £300 million compensation bill following a mis-selling probe.
An animatronic Arnie Schwarzenegger is the star of the campaign
The PPI deadline clock is now officially ticking with the unveiling of the first advert in the £42 million consumer awareness campaign starring the voice of Terminator Arnie Schwarzenegger.
The campaign is important news for the millions of people still eligible to make a claim for the mis-selling of PPI who have still not done so.Read More
At long last cashing cheques is going to enter the 21st century – but not until October.
The annoying six day wait for a cheque to clear once you’ve paid it into your bank will be a thing of the past.Read More
If you were using a store card in the Nineties or Noughties it could have PPI attached to it and you could be owed a refund if it was mis-sold.
Even more surprising is that you may be able to claim the money even if you tried to claim before and were rejected.