News - April 2012

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24 Apr 12

Rise in employers checking credit files during recruitment

Employers are increasingly checking the credit files of potential employees during the recruitment process according to financial information service Call Credit.

Houses of Parliament MAIN more
24 Apr 12

Financial Services Bill reaches report stage

The Financial Services Bill which is currently going through Parliament has now reached the Report stage. This means MPs will be able to debate and consider the Bill on the floor of the house of commons including suggesting amendments and or new clauses.

Post office shop front more
24 Apr 12

Parliamentary Committee to take evidence on Post Office reform

The Business, Innovation and Skills (BIS) Committee has announced that they will take evidence about reforming the Post Office including consideration of possible Postbank functions.

mobile phone main more
24 Apr 12

Credit Union develops mobile phone app

A credit union in North West London has developed a mobile phone app which allows their members to have direct access to their services.

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24 Apr 12

Minimum wage increase lower than eight years ago

The planned increase to the minimum wage will actually leave it lower than eight years ago when cost of living increases are considered according to the latest research.

Green piggy bank more
24 Apr 12

Credit union and prisoners saving scheme launched

A credit union and prison based inSouth Waleshave created a new saving scheme where prisoners can save the small amount of money they can earn whilst working in prison and have it available on their release. LASA Credit Unions and HMP Swansea believe the scheme will help to re-integrate released...

Hands Pointing more
24 Apr 12

Banking guidance for blind and partially sighted customer published

New guidance for bank branch staff covering best practice when providing services to blind and partially customers has been published. The Banking Experience has been produced by the banks and the Royal National Institute of Blind People (RNIB).

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23 Apr 12

Unison warns of dangers of ‘botched’ Universal Credit roll-out

The public sector union Unison has warned how damaging it would be for the poorest in society if the Government does not roll-out Universal Credit effectively.

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23 Apr 12

One in four consumers unaware PPI claims management companies will charge them

New research from Which? and MoneySavingExpert.com shows that many consumers are confused about reclaiming mis-sold Payment Protection Insurance and are unaware they can do it themselves for free.

Credit Card Main more
20 Apr 12

Bank reveals stick-on mobile payment card

Barclaycard is to launch a new contactless card designed to stick onto the back of their mobile phone. Customers can then use the card to pay for goods of up to 15 in certain stores without needing to enter their pin number.

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20 Apr 12

OFT warns loans and debt companies over misleading names

The Office of Fair Trading has issued new guidance deagiend to stop debt and loan companies using misleading trading names which may imply that they are charities or government agencies. Names such as helpline can lead people to think that a commercial service is free or provides impartial...

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20 Apr 12

Debt Charity warns about telephone debts

Debt advice charity the Money Advice Trust is reporting that its National Debtline has seen a sharp rise in calls from people with debts for their phone. In 2007 the debt advice helpline took 5,830 calls from people with telephone debts representing 3.9 per cent of all calls, but last year that...