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Found 5 results

  1. Public Health England urges vigilance about spotting signs of scarlet fever READ MORE HERE: https://www.gov.uk/government/news/public-health-england-urges-vigilance-about-spotting-signs-of-scarlet-fever
  2. this government is getting worse. http://www.thetelegraphandargus.co.uk/news/11579910.Charity_urges_Government_to_rethink_hardship_fund_axe_which_could_hit_16_000_Bradford_families/
  3. After British Gas announced rises up to 10.4% British Gas is to increase prices for domestic customers, with a dual-fuel bill going up by 9.2% from 23 November. The increase, which will affect nearly eight million households in the UK, includes an 8.4% rise in gas prices and a 10.4% increase in electricity prices. The company said it "understands the frustration" of prices rising faster than incomes. The average annual household bill will go up by £123. PM David Cameron has urged consumers to switch suppliers for the best deal. More ...
  4. The Citizens Advice Bureau is calling on the Office for Fair Trading to immediately ban the payday lenders it says it has evidence of causing harm to borrowers. A six month investigation by Citizens Advice found evidence of a number of “unscrupulous” payday lender firms engaging in irresponsible lending, inadequate checks, harassment and refusals to agree on repayment plans. An analysis of 780 cases reported to Citizens Advice between November and May uncovered evidence of lending to people with mental health issues, people who were drunk at the time and borrowers under 18.CAB chief executive Gillian Guy says: “The payday loan industry is out of control and is acting as a law unto itself. It has showed a complete disregard for its customers. Many have been driven into debt by irresponsible lending and their debts ballooned as lenders put pressure on them to extend the loans.” The Citizens Advice payday loan tracker studied customer feedback on 2,000 payday loans, from 113 different payday lenders, from 26 November 2012 to 17 May 2013. The tracker monitors whether lenders are abiding by their own customer charter. The customer charter was introduced in July 2012, representing over 100 lenders and around 90 per cent of the total market. The aim was to improve background checks on applicants as well as improve their understanding of the potential borrowing terms. Seven in 10 borrowers, or 72 per cent, were found to have come under pressure to extend their loans while the investigation found evidence of lenders misusing Continuous Payment Authorities in order to extract money from bank account. The study found 95 per cent of lenders did not check that borrowers with repayment problems could afford to pay back the loan if it was extended. It uncovered evidence that 87 per cent of lenders did not ask the borrower to provide documents to prove they could afford to repay the loan, 95 per cent did not check borrowers with repayment problems could afford to pay back the loan if it was extended, and 54 per cent did not warn that a payday loan should not be used for long-term borrowing or to deal with money troubles. Additionally, 84 per cent of borrowers with repayment problems were not offered the chance to freeze interest and charges when they encountered repayment difficulties. During the same six month period 24,575 people sought online advice about payday loans from Citizens Advice Guy says: “The OFT has an opportunity to wipe out the distress caused by this industry and make sure it is transformed into a responsible short-term credit market. It is vital that, following the investigation, the OFT takes swift action to protect consumers from the harm caused by these unscrupulous lenders.” Link: http://www.mortgagestrategy.co.uk/latest-news/citizens-advice-urges-action-on-out-of-control-payday-loan-industry/1071841.article
  5. The Governor of the Bank of England, Sir Mervyn King, has accused senior bankers of letting down their colleagues and giving customers “shoddy” treatment. King said that the the banking scandals unearthed this week reinforce the need for the recommendations of the Independent Commission on Banking, led by Sir John Vickers to be implemented, in particular the splitting up of retail operations from investment banking. Sir Mervyn said: "I would hope that Parliament would legislate on that as soon as they feel able to do so – all of the Vickers proposals. That is what we need to do to change the structure of the industry. "We can see what has gone wrong. The idea that the culture of investment banking is the same as the culture of basic banking, I think it is very clear now that those two cultures are completely different, and they need to be separated." Introducing the central bank’s Financial Stability report, Sir Mervyn called for immediate and wide-ranging action to reform both the culture and the structure of the UK banking industry. The governor said: "From excessive levels of compensation, to shoddy treatment of customers, to a deceitful manipulation of one of the most important interest rates and now news of yet another mis-selling scandal we can see we need a real change in the culture of the industry." He said the culture and structure in the banking industry and "excessive levels of compensation" had led to "shoddy treatment of customers". Sir Mervyn accused top bankers of letting down their staff. He said: "There must be many people who work in the banking industry today who know that they are honest, hard-working and feel that they have been let down by some of their colleagues and indeed their leaders." Sir Mervyn made his comments as the Financial Services Authority (FSA) published details of another banking scandal, the mis-selling to small and medium-sized businesses of complex interest rate swaps. This follows the news this week that Barclays and other global banks manipulated the Libor or interbank swap rates that govern the interest rate applied to trillions of financial transactions including loan and mortgage rates that everyday banking customers use. More: http://www.myfinances.co.uk/savings/2012/06/30/king-urges-government-to-separate-retail-and-casino-banks
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