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Users of the salary advance service marketed by their employers say it was all too easy to slip into debt‘Financial wellbeing’ app targets low-wage workers with high-interest loansWhen Andy, a server in Pizza Express, found himself in financial hot wat…
Critics concerned as Wagestream offers loans of up to £25,000 to workers at Pizza Express, Asda and others‘The app’s like candy’: Wagestream borrowers’ concernsLow-wage workers are being offered a controversial new type of high-interest loan of up to £…
Some higher-earning couples with smaller deposits could borrow extra £130,000 as a result of overnight changesSome couples applying for a Santander mortgage will see the maximum they can borrow increase by £130,000 overnight after the bank loosened its…
Quarter-point reduction expected, with City investors predicting a three-way split among rate settersThe Bank of England is poised to cut interest rates on Thursday despite a growing divide between its policymakers over the dangers to the economy from …
City watchdog publishes details of its plans to regulate the BNPL market, which has now grown to £13bn Lenders may have to carry out affordability checks on even the smallest buy now, pay later loans under new rules drawn up by the City watchdog.The Fi…
Survey comes before supreme court decision on secret commission payments ruled unlawful by court of appealMore than 23 million people believe they could be due compensation for a mis-sold car loan, according to a poll before this month’s supreme court …
Exclusive: Levels of ‘multi-stress’ at highest since 2008 crash, study says, with people feeling profoundly powerlessMore than 5 million UK adults are experiencing a triple whammy of financial, health and housing insecurity as British households hit le…
Lenders’ routine purging after six years means details of some car buyers due compensation may have been lostConsumers are at risk of losing £1bn of compensation over inflated car loans because high street banks and specialist lenders deleted their dat…
Despite the decision to hold at 4.5%, businesses and households can take a confident view of the UK’s prospectsBank of England says companies freezing hiring plans as it keeps interest rates on holdBusiness live – latest updatesBank of England policyma…
Charity calls for banking industry to take totally new approach over type of financial abuse that leaves victims saddled with unpayable debtsJoanna Thomas* was working for a UK government department when she received a bonus. Her earnings, as had been …