Articles, tagged with "british bankers association", page 1
UK Bankers Score Spectacular Own Goal over PPI Misselling Row
UK bankers have scored another spectacular own goal with their failed attempt to overturn rules governing the mis-selling of PPI. PPI stands for Payment Protection Insurance, a financial product commonly sold by banks, card issuers and other lenders to cu...
Is Reclaiming PPI still possible?
The British Bankers' Association (BBA) has launched a judicial review over new rules on how complaints about payment protection insurance (PPI) should be handled.
PPI is supposed to cover the cost of repayments if a customer becomes ill or unemployed ...
New Year’s Resolution: start your own start-up
A small business owner needs more than just enthusiasm to be successful, so budding entrepreneurs should be aware of a few handy dos and don’ts in the art of starting a business.
What better time to start up a new business than in the New Year? It’s tr...
Sterling Takes a Hike, Pound Slumped to a Week Low
At Gerard Associates Ltd we continue our daily look at factors affecting markets and currencies allowing some insight into conditions affecting exchange rates.
Cash and income timing from a UK Pension or QROPS (Qualifying Recognised Overseas Pension Sche...
What is an ISA and how can it benefit you?
The fair trading regulator is looking to make a super-complaint about the current state of the UK Individual Savings Accounts (Isas) market.According to watchdog Consumer Focus, around 15 million savers make use of a cash ISA, however potential ISA holder...
Surging cheap homeowner loans levels leave UK lending industry smiling!
In the wake of tough economic scenario, anything that goes up is pleasing the members of UK's lending fraternity. The same thing happened recently when the number of approvals for the cheap homeowner loans rose after a long time.
Yes, reports publishe...
Banks consider 'opt-out' option on current account overdrafts
The Office of Fair Trading (OFT) has revealed that UK banks are considering making it easier for customers to opt out of access to unauthorised overdrafts.By choosing to opt out, customers would see payments blocked to avoid paying high overdraft fees on ...
10 things you didn't know about credit cards
There are 11 million more credit cards in the UK than there are people* and when used in the right way our flexible friends can be brilliant financial tools.
But fall into the traps set by providers at your peril, because if you don't know how to use y...
January sees significant fall in approved mortgages
The British Bankers' Association (BBA) has said that the number of mortgages approved for home buyers by the UK's biggest banks "fell sharply" throughout January.The BBA said this was largely due to an influx in buyers looking to borrow in December in ord...
Rise in mortgage approvals backs recent recovery
According to the latest figures from the major UK banks, The number of mortgages approved for house purchases rose at the end of 2009.But on the whole last year, mortgage approvals were down 27% compared to 2008 and at their lowest since British Bankers' ...
Bank write-offs double for bad credit card debt
The Bank of England has reported a significant rise in the amount of money that banks have written off as bad debts on their credit cards.The Bank figures show that the total value of the write-offs doubled to £1.6bn in the third quarter of 2009.In the f...
Head Off A Confrontation of Spiraling Debts With Debt Consolidation
Rising Loan Prices Could Make Debt Consolidation-'A only Solution For Debts'
According to the new figures released by the British Bankers Association, customers who were looking for a loan at every minute are now stuck with their existing spiraling deb...
Lending Code secrecy 'is a disgrace'
The new Lending Code, which replaces the credit and financial difficulties sections of the defunct Banking Code, is due to come into effect on November 1. Some nineteen short days away.
There is to be no public sight of these changes, nor any consult...
Increase in mortgages indicates end of recession for housing market
The amount of approved home-loans hit a 17-month high last month, which has sparked new claims that the housing market is emerging from recession.
Figures from the British Bankers' Association (BBA) showed that in July, banks approved 38,181 mortgages,...