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Facebook ads breaking the law

Facebook ads breaking the law - 13/05/2008
Debt charity Credit Action has hit out at credit and loan companies advertising on social networking site Facebook for hiding their charges. Full story »

Unsecured debt sale enjoys record year

Unsecured debt sale enjoys record year - 13/05/2008
UK banks and creditors sold £7.4bn of defaulted unsecured debt in 2007 – around one third of the total, according to research by TDX Group. Full story »

Land of Leather hit with PPI fine

Land of Leather hit with PPI fine - 12/05/2008
Furniture retailer Land of Leather has been fined £210,000 by the Financial Services Authority (FSA) for a lack of care in its selling of Payment Protection Insurance (PPI). Full story »

Compulsory home credit website to launch

Compulsory home credit website to launch - 12/05/2008
Home credit lenders have until August to supply their product details to a comparison website the Competition Commission has said. Full story »

Lenders benefit from credit retreat

Lenders benefit from credit retreat - 09/05/2008
Sub-prime lenders Provident Financial and Cattles Group have profited from the turmoil in the mainstream lending market. Full story »

Repossession action rises

Repossession action rises - 09/05/2008
The number of mortgage possession claims rose to 38,688 in the first quarter, 16 per cent higher the same period last year. Full story »

Building societies in ‘risky’ mortgage lending

Building societies in ‘risky’ mortgage lending - 08/05/2008
Building societies continue to take on the risk of mortgage products they do not understand despite warnings, the Financial Services Authority (FSA) has said. Full story »

Euler posts bleak first quarter results

Euler posts bleak first quarter results - 08/05/2008
Credit insurer Euler Hermes’ net operating profit fell by €103.5m (£81.1m) in the first quarter of the year, compared with the same period in 2007. Full story »

Everyday Loans ad deemed “irresponsible”

Everyday Loans ad deemed “irresponsible” - 07/05/2008
Independent lender Everyday Loans has had a complaint about one of its adverts upheld by the Advertising Standards Authority (ASA). Full story »

SIA to regulate private investigators

SIA to regulate private investigators - 07/05/2008
Private investigators will have to prove they are fit to practise before being licensed, the Home Office has decided after publishing its long awaited verdict on how to regulate the industry. Full story »

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