Loan News
‘PPI ban is devastating news for borrowers', says ABI
The Competition Commission's provisional decision to ban the sale of Payment Protection Insurance (PPI) when people take on additional financial responsibilities will leave millions of consumers unprotected.
FLA disappointed with CC's PPI recommendations
The Finance and Leasing Association, which represents a wide variety of lenders who also sell payment protection insurance (PPI), today voiced its disappointment at the Competition Commission's provisional decision on remedies for the PPI market.
PPI - provisional decision on remedies
The Competition Commission (CC) has published for consultation its proposed remedies designed to increase competition in the Payment Protection Insurance (PPI) market.
Borro.com makes pawn-lending more accessible than ever
Borro.com, the UK's first online pawnbroker, today announced it now has loans of £100 to £13,500 to customers in every region of the UK.
Generous Brits lose cash to loved ones
More than 20 million Brits are lending money to family and friends, new research from AA Personal Loans reveals.
Consumer scramble for protection means change needed now
The latest findings by the Competition Commission on the shortcomings of the retail payment protection insurance (PPI) market is one step closer to the watchdog admitting they can see the elephant in the living room, says Shane Craig of independent PPI provider Paymentcare.co.uk.
Competition Commission's findings into retail PPI
Commenting on the Competition Commission's findings into retail PPI (RPPI), Rob Barnes, head of shopping at price comparison site moneysupermarket.com, said: "Brits across the country are undoubtedly watching their pennies as the credit crunch takes full hold.
Brits jumping straight back into the red
Almost two out of three people who take out a loan to consolidate their debts go on to borrow more while still repaying that loan, according to research from the UK's leading price comparison site, moneysupermarket.com.
FSA now hitting companies where it hurts
As the Financial Services Authority (FSA) announces that it has fined Alliance & Leicester £7million for mis-selling Payment Protection Insurance, Which? Chief Executive, Peter Vicary-Smith, says: "It's great to see the FSA hitting companies where it hurts.
A&L: FSA findings regarding sale of PPI
Alliance & Leicester confirms that it has agreed a settlement with the Financial Services Authority in relation to advice given over the telephone prior to the sale of Payment Protection Insurance with unsecured Personal Loans between 14 January 2005 and 31 December 2007.
Alliance & Leicester to pay £7 million fine for PPI failings
The Financial Services Authority (FSA) has fined Alliance & Leicester Plc (A&L) £7 million for serious failings in its telephone sales of payment protection insurance (PPI).
Website to help consumers compare home credit loans
A new website will be launched in October 2008 to help consumers compare the price of home credit loans and loans repaid in cash from some other providers including credit unions.
Payment Protection Insurance: BBA responds to FSA review
"Payment protection insurance is a valuable product which provides customers with a safety net to meet their financial commitments. This is particularly important in these times of economic uncertainty when PPI can provide peace of mind for millions of customers.
PPI has never been a more valuable product
The FSA have published their thematic update on the sale of Payment Protection Insurance (PPI). The insurance industry has been working hard to improve the sales of PPI so that customers can be satisfied they have a valuable product that is suitable for their needs during such uncertain economic times.
FSA's dithering over PPI is failing consumers
Following the publication of the Financial Services Authority's (FSA) latest announcement on its investigation into PPI sales, Which? chief executive, Peter Vicary-Smith, says: "This damning evidence demands that the FSA stops dithering and takes decisive action to sort out the PPI market.