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Banks and building societies

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Banks must treat victims of scams more fairly, says UK complaints body

  • Posted inBankingBanks and building societiesBusinessConsumer affairsmoneyRegulatorsSavingsscamsUK news
  • Posted byRupert Jones
  • 09/24/2021

Number of people asking ombudsman for help rose by 66% between April to end of JuneBanks need to do more to treat people fairly when they are the victim of scams, according to the UK financial sector’s official complaints body, which is finding in the …

Lloyds froze bank account of charity that helps poor students

  • Posted inBanks and building societiesConsumer affairsConsumer rightsLloyds Banking Groupmoney
  • Posted byAnna Tims
  • 09/23/2021

Closure was discovered when group tried to make a payment to cover student’s university accommodationWe run a charity that awards scholarships to underprivileged medical students in Zimbabwe. When I tried to make a payment to cover a student’s universi…

Fraud victim scammed for almost £25,000: ‘They had detailed information’

  • Posted inBankingBanks and building societiesBusinessConsumer affairsLloyds Banking GroupmoneyscamsUK news
  • Posted byHilary Osborne
  • 09/22/2021

Merrick Anderson was called by someone posing as a member of Lloyds Bank’s fraud departmentFraud in UK at level where it ‘poses national security threat’Merrick Anderson lost almost £25,000 through an authorised push payment fraud in March.The universi…

Starling Bank attracts switchers as Tesco plans to shut current accounts

  • Posted inBankingBanks and building societiesBusinessmoneyUK news
  • Posted byRupert Jones
  • 07/31/2021

App-based lender emerges as biggest winner in new figures, with Virgin Money also making sizeable gainsStarling Bank is proving to be one of the big winners in the battle for current account customers, it emerged this week.And the app-based bank could …

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