Bank charges come back into legal spotlight following court ruling
Posted by Cashzilla in banking on 22. Feb, 2010 | 2 Comments
Image by kiki99 via Flickr
Bank charges could be set for another court battle after a ruling by a Glasgow Judge cleared the way for a proof hearing into determining whether bank charges are fair.
The Supreme Court verdict last November ruled the Office of Fair Trading could not assess bank charges under section 6 of the [...]
New FSA rules force financial firms to reveal complaint numbers
Posted by Cashzilla in Uncategorized, banking, credit cards on 29. Jan, 2010 | 1 Comment
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Under new Financial Services Authority (FSA) rules, financial firms who collect an excessive amount of complaints against them are to be named and shamed reports MoneySavingExpert news.
Over a six month period companies who receive 500 or more complaints will, under the rules, have to publish the numbers of complaints twice a year so [...]
Cheques RIP
Posted by Cashzilla in banking, web on 16. Dec, 2009 | No Comments
Cheques are to be phased out by October 2018 if adequate alternatives can be developed in time according to the latest announcement from the board of the UK Payments Council.
This announcement comes after 350 years of cheque usage, however because of the use of credit, debit and contactless payment cards, alongside online shopping and banking, [...]
How to tell your FTSE from your Ponzi
Posted by Cashzilla in Uncategorized on 15. Sep, 2009 | 2 Comments
Collection of silly finance definitions
