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Consumer News

Consumer News

Up to date and topical news on a range of matters that affect millions of us day to day.

Monthly-fee bank accounts being mis-sold to consumers warns FSA

Consumers are being warned by the Financial Services Authority (FSA) to steer clear of bank accounts which charge monthly fees for extra benefits.

Posted: 11 March 2010View article

Consumers overpaying energy bills by £1.3bn

Energy companies are holding on to an extra £1.3bn of their customers’ money due to overpaid bills, according to Gocompare.com.

Posted: 11 March 2010View article

Middle-class homes at risk of repossession if economy weakens

The Financial Services Authority (FSA) has warned that millions of homes in the UK face risk of repossession if the economic recovery falters.

Posted: 11 March 2010View article

BA strike likely as union scrutinises latest offer

Talks between British Airways and the Unite trade union are at a deadlock as the airline makes a last-ditch attempt at avoiding a strike.

Posted: 10 March 2010View article

A third of thrifty travellers avoiding travel insurance

Following yet another summer washout and one of the coldest winters since records began, 64% potential holidaymakers are looking to get away from it all and take a holiday abroad this year.

Posted: 10 March 2010View article

Online banking fraud soars by 14% in a year

UK consumers lost £59.7m through online banking fraud in 2009 – a 14% rise on the previous year – according to research.

Posted: 10 March 2010View article

Millions of pounds left to claim in forgotten HSBC bank accounts

There is £27.5m left lying unclaimed in HSBC accounts that customers have either lost or forgotten about, according to the bank.

Posted: 10 March 2010View article

Mis-sold PPI compensation costs could hit £4bn

The Financial Services Authority has estimated that mis-sold payment protection insurance (PPI) could cost the industry over £4bn.

Posted: 09 March 2010View article

UK shoppers in the dark about online consumer rights

The majority of UK consumers are unaware of their rights when purchasing goods online, a government survey shows.

Posted: 09 March 2010View article

Complaints against bailed out banks Lloyds and RBS soar by a third

Complaints about taxpayer-backed banks went up by a third in just six months, according to the Financial Ombudsman Service.

Posted: 09 March 2010View article

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