Lloyds confirms it will cease selling PPI

Story link: Lloyds confirms it will cease selling PPI

Banking giant Lloyds has confirmed it will no longer sell the controversial payment protection insurance (PPI).

Lloyds Banking Group, which is 41% owned by the taxpayer, is the first bank to drop PPI sales and the decision will apply to customers of all its brands including the Halifax, Bank of Scotland and the Cheltenham & Gloucester.

http://www.financemarkets.co.uk/2010/07/27/lloyds-confirms-it-will-cease-selling-ppi/

RBS and Lloyds to increase lending targets

Story link: RBS and Lloyds to increase lending targets

In yesterday’s Budget, Chancellor Alistair Darling unveiled plans for rescued banks, Royal Bank of Scotland (RBS) and Lloyds Banking Group, to lend more to businesses.

In a legally binding agreement, RBS and Lloyds, which are 84% and 41% owned by the taxpayer respectively, were rescued at the height of the financial crisis but there have been [...]

FSA delays PPI reforms

Story link: FSA delays PPI reforms

Earlier this week, research by Defaqto found that the average annual percentage rate (APR) had soared and one of the reasons behind this, according to the finance group, is “the absence of PPI sales income”.
The FSA is in the process of reforming the PPI market but has announced a delay to its plans.
http://www.financemarkets.co.uk/2010/03/10/fsa-delays-ppi-reforms/

The Financial [...]

Cap interest rate charges

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Polititions are among the most critisised people in the world, although I don’t think anybody except the banks will be disagreeing with their comments of late.
They are suggesting that banks are made to cap their interest rates relating to personal loans, which have spiralled out of control over the past few months, some standing as [...]

Bad debt and unsecured loans

Story link: Bad debt and unsecured loans

Our country has spiralled way out of control over the last few years, with people finding it easier to apply for a small to medium sized loan rather than get a few extra shifts at work or a part time job. Those times are hopefully over, well, they have to be for the future stability [...]

Cash loans

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Cash loans are an unsecured way of people requiring funds to obtain a loan without putting down property as a form of security. They are available to all UK citizens, as long as they pass credit checks and are over the age of 18.
Cash loans
The cash loans are crafted with intelligence for the people of [...]