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The Financial Conduct Authority has confirmed it is introducing reforms to fix a dysfunctional overdraft market. The changes will make overdrafts simpler, fairer, and easier to manage and will protect the millions of consumers who use overdrafts, particularly more vulnerable consumers

The Financial Conduct Authority’s decision to ban unarranged overdraft fees could help thousands of people from staying stuck in debt, says Citizens Advice.

Solicitors and advocates providing people with advice and representation through the legal aid scheme in Scotland are to receive a three per cent increase in fees.

A survey has found that many of the people who bought a leasehold house in the past 10 years were not fully aware of the terms they were entering into.