News - 16 July 2012

Deal Main more
16 Jul 12

New Bank finance scheme designed to increase lending

The Bank of England has today released details of its plans to stimulate lending by banks and building societies by making cheap finance available to banks on the provision that they commit to lending to help small businesses and consumers.The Funding for Lending Scheme (FLS) was announced by Sir...

high street more
16 Jul 12

Proposals for ‘bill of rights’ for shoppers

The Government is consulting on a new customer bill of rights as part of a move to provide stronger protection for shoppers that will also take into account e-commerce. The proposals seek to address issues that are the result of laws not being updated for a number of years and not reflecting...

Bank card - close up th more
16 Jul 12

Banks to undergo current account check-up

The Office of Fair Trading (OFT) is to assess how UK banks operate current accounts for their customers and how much progress they have made since the OFT review in 2008. The assessment will look specifically at whether banks have made it easier for people to switch accounts and if there has been...