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Wednesday 10th of February 2010

News Tag: crackdown

January 22, 2010

Global markets in decline after Obama proposals

by Kay Murchie
Global markets in decline after Obama proposals
US President Barack Obama is proposing a severe crackdown on financial institutions in the US which has sent stock markets around the globe into decline. Yesterday, the Dow Jones closed down 2% - its worst decline since October, while Japan's Nikkei lost 3.6% - the biggest weekly loss in three months and closing a three-week low. Hong Kong’s Hang Seng ...



January 19, 2010

Credit card industry responds to Government proposals

by Kay Murchie
”Credit
The UK credit card industry has agreed to Government proposals to help credit card holders manage their debt. As part of a crackdown on credit card companies, the Government recently warned credit and store card firms to “clean up their act.” One of the main issues was for credit card companies to stop increasing interest rates when a customer fell behind ...



December 15, 2009

Consumer anger as cheapest credit card debts paid off first

by Kay Murchie
”Consumer
The Government recently unveiled plans to crackdown on credit card and store companies, which will see a change in the order of priority for credit card repayments, so that the most expensive debts are paid off first. The proposals are being put out to consultation by the Department for Business Innovation and Skills (BIS). The Nationwide Building Society has ...



October 28, 2009

Nationwide welcomes crackdown on credit and store cards

by Kay Murchie
”Nationwide
Nationwide Building Society has welcomed Government proposals to crackdown on credit and store companies. Earlier this week, a set of proposals by the Government, which are being put out to consultation by the Department for Business Innovation and Skills (BIS), will see a change in the order of priority for credit card repayments, so that the most expensive debts are ...



October 27, 2009

Government proposes crackdown on credit card companies

by Kay Murchie
”Government
As part of a crackdown on credit card companies, the Government is warning credit and store card firms to "clean up their act." The latest proposals follow other restrictions on credit card practices introduced earlier this year after a credit card summit organised by the Government last November saw card companies agree to a set of "fair principles". One of ...



April 23, 2009

UK’s £1bn crackdown on tax evaders

by Peter Charalambous
”UK’s
HM Revenue & Customs (HMRC) has embarked on a new campaign in order to get millions of pounds of unpaid tax from offshore bank accounts and has used the 2009 Budget to introduce the new “offshore disclosure opportunity” which will run until March 2010. It is an invitation to people with offshore accounts to disclose if they have failed to pay tax ...



April 16, 2009

Fraudulent insurance claims on the rise due to recession

by Kay Murchie
”Fraudulent
According to the Association of British Insurers (ABI), the recession has sparked an increase in the number of fraudulent insurance claims. The ABI found that around 107,000 claims totalling £730 million were false last year - this value was up 30% on 2007, with the figure rising since 2004. Figures show that the most common fraudulent claims were home insurance ...