The Payment Systems Regulator has announced it is consulting on plans to reimburse victims of bank transfer scams. While it’s a huge step forward, there is still more to do. (more on PSR reimbursement scheme…)
A recent Which? Money investigation found that a legitimate-looking text message from a bank or credit card company could easily be a scammer in disguise… (more on scam text messages from banks…)
Lloyds Banking Group is reshaping its overdrafts to make them simpler. However, whether they will prove less costly for everyone is yet to be seen. How will these changes affect you?
Banks are bending further backwards than ever to try to bring in new current account customers, but switching apathy is growing stronger. So, what’s preventing you from making the change? (more on switching current accounts…)
More than 18 months after the government established the Joint Fraud Taskforce to crack down on fraudsters, fraud in the UK is still on the rise. So what has this taskforce been up to?
In January 2018, a new law comes into effect that could open up banking forever. But what is it, how will it work – and should you be worried?
Online banking scams are becoming increasingly sophisticated. No more so than the one that targeted our guest writer. Jane Caldwell, who has appeared on Rip-Off Britain this week, describes how fraudsters scammed her out of £100,000.
It’s been a year since we called on the payment systems regulator and industry to better protect consumers from bank transfer scams. That makes it our anniversary! Or, scammiversary, if you will…
A straightforward, stress-free claims process? A frustrating online service? A market-beating interest rate? As we publish our list of 2017’s best and worst financial brands, we want your views.
Last year the Competition and Markets Authority concluded its two-year long banking inquiry, but the inquiry failed to tackle unarranged overdraft charges. Now the Financial Conduct Authority has agreed to review these unfair fees. So will this finally resolve the problem?
Both Barclays and Lloyds have announced that they’ve set aside a further £700m for paying out for mis-sold PPI claims. So are you sure you aren’t still owed money for mis-sold PPI? (more on PPI tool…)
At today’s British Bankers’ Association’s annual conference, Which? will outline why banks should be doing more to protect their customers from bank transfer scams. While much has changed since the days of the financial crash, there’s still work to be done… (more on bank transfer scams…)
Banks, building societies and other financial institutions have a duty to safeguard against fraud and money laundering. But we know that those safeguards don’t always work as scammers are still slipping through the net…
(more on excessive bank fraud controls…)
A week can be a long time in the world of personal finance…