K T

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I paid £26,000 into the wrong account – and only got £800 back

Two years after finding she had repeatedly transferred £1,000 online to a stranger, one Nationwide customer is still fighting to get her £26,000 back<p>It was a case that caused many Guardian Money readers’ jaws to drop: the hairdresser who lost £26,000 after discovering that for two years she had …

13 Creative Ways to Avoid Spending Money

Even if you know that your spending is out of control, you might not have the strength to break your shopping addiction. However, a spending problem …

Expect 500-Page Mortgage Applications in 2014

On January 10, 2014 new rules mandated by the Consumer Financial Protection Bureau under the Dodd-Frank Act will increase the detail required for mortgage applications to the point where they could easily run 500 pages long.<p>Just eight years ago, the typical mortgage application was a fifth that …

The hub of American financial literacy: Utah?

When it comes to financial literacy, you're never really done learning.<p>Studies have painted a grim picture about how poorly educated Americans are …

Cashback: How to get £1,000 richer without spending an extra penny

How to get £1,000 richer without spending an extra penny: Five simple steps to change the way you shop for ever<p>Using the right websites and credit …

Debt, no degree: Bills mount for ex-college students who never reached the finish line

This past April, facing the prospect of three 20-page papers due in the same week, Indiana University East student Harmony Glenn had a panic attack in the school library.<p>“I couldn’t breathe, and my chest felt tight,” she said. “I was asking myself, ‘Do I push forward…or do I cut my losses?’”<p>Glenn, …

'Cheque imaging' to enable Britons to pay in using smartphones

Government to consult on introducing legislation to speed up cheque payments and help make sure it remains fit for 21st century needs<p>Britons will be able to pay in a cheque by sending a smartphone image of it to their bank under Government proposals to bolster the long-term future of the payment …

Can debt collectors chase me for a British Gas bill I paid in 2008?

Can debt collectors chase me for a British Gas bill I paid 5 years ago but no longer have paperwork for?<p>By<p>Published: 09:56 EDT, 27 December 2013 | …

Credit unions ready to give Wonga a run for its money

Strapped for cash this Christmas? There's no need to call the payday lenders. The credit union sector, so long a quiet backwater of financial services, thinks its moment has arrived, as people's need for affordable credit and their outrage at the interest rates charged by companies such as Wonga …

U.S. finalizes Volcker rule, curbing Wall Street's risky trades

1 / 3<p>File photo of former Chairman of the U.S. Federal Reserve Volcker addressing the Economic Club of New York<p>Former Chairman of the U.S. Federal …

Visa, MasterCard $5.7 Billion Swipe Fee Accord Approved

Visa Inc. and MasterCard Inc. won approval for a $5.7 billion settlement that ended years of litigation with U.S. merchants over allegations that …

Two Cheers for the New Volcker Rule

Back in the spring and summer of 2010, I spent a bit of time with Paul Volcker, the grand old man of American finance, who was busy pushing Congress and the Obama Administration to severely restrict the risky trading activities of banks that enjoy government guarantees in the form of deposit …

Should I buy a house at age 52 – or rent for the rest of my life?

<b>Q</b> I am a 52-year-old single woman in a secure job earning approximately £30,000 annually which will increase yearly but not by a great deal. I do not have a pension and I have been happily renting for most of my life. My daughter is 16 and it is likely she will spend another six years in full-time …

Wall Street About To Be Hit With A Rule It Hates, Thanks To JPMorgan

If Wall Street were Santa Claus, JPMorgan Chase would get nothing but coal in its stocking this year.<p>That's because America's biggest bank is partly, if not mostly, responsible for the fact that U.S. financial regulators will soon clap some fairly strong fetters on big banks, The Wall Street …

Bank of America says Bitcoin could become a 'major means of payment'

Analysts at Bank of America Merrill Lynch issued the bank's first research report today on Bitcoin, the virtual currency that approximates cash on the internet, concluding that the currency has the potential to become a "major means of payment for e-commerce" as well as a "serious competitor to …

Loans Aren't Taxable Income, But Convincing IRS Of Loan Status Is Priceless

When your uncle loans you $10,000 to tide you over, is it taxable income? Nope. What about when the bank loans you $100,000? No again. That’s provided it’s a real loan and not income. That’s a key distinction that lands lots of taxpayers in trouble.<p>But if it’s a real loan and is <b>forgiven</b>, it is …

Isis Mobile Wallet goes live nationwide, offers freebies

The wireless carriers' mobile payment initiative, Isis Mobile Wallet, is finally going live nationwide, delivering another way for consumers to use their phones to pay for goods and services.<p>It's been a long time coming for Isis, which went through the work of lining up partners, building a …

Mobile

Meet Coin, a startup creating a universal credit card

Advertisement<p>58 Comments<p>Credit: Coin<p>As the contactless payments technologies from Google Wallet(s goo) to Isis flounder, critics point to what now …

organize, read and share what matters to you.

Feedly connects you to the information and knowledge you care about. We help you get more out of you work, education, hobbies and interests. The …

Payday lenders accused of 'grooming' children with catchy ads

One in three parents with children under 10 have said their kids have repeated payday loan ad slogans, says TV pundit<p>Payday lenders are grooming children under 10 for a lifetime of borrowing with TV advertising that makes hardcore debt look like a fun transaction, the money adviser Martin Lewis has …

I Applied For An Online Payday Loan. Here's What Happened Next

Payday lenders made about $49 billion in high-interest loans last year. More than a third of those loans were made online. I wondered what happens when you apply for such a loan, so I decided to find out.<p>In the course of reporting a story earlier this year, I logged on to a site called eTaxLoan.com …

How one guy's $24 investment in bitcoins turned into an $886,000 payday

Bitcoins are the digital, peer-to-peer currency now accepted as payment in bars from Berlin to London and many other stores. They were first introduced in 2008.<p>A year later, Norwegian engineer Kristoffer Koch bought about $24 worth on a whim.<p>For years, Koch's bitcoins sat forgotten in his online …

Bought in 2009, currency’s rise in value saw small investment turn into enough to buy an apartment in a wealthy area of Oslo<p>This article was originally published on 29 October 2013. Due to a technical fault, it has been republished here, on a new page.<p>The meteoric rise in bitcoin has meant that …

This is the world’s first Bitcoin ATM

Want a coffee? Now you can pay in Bitcoin.<p>The world’s first Bitcoin ATM is opening for business this morning at a coffee shop in Vancouver, Canada. You can now buy, sell, and trade Bitcoin at a real, physical machine, depositing cash and checks for Bitcoin.<p>“This is progress … we’re bridging the gap …

Cash is king ... but maybe not for long

Simon Ward, chief economist at Henderson Global Investors, has done a few calculations which he believes could drive savers to consider buying shares<p>Savers do not need to be reminded that, with interest rates at rock bottom levels, leaving cash on deposit in the bank is not going to be a rewarding …

Feds seized $2.9M in Bitcoin funds from Mt. Gox, court docs show

Advertisement<p>12 Comments<p>The federal government sent a strong signal to Bitcoin traders earlier this year when the U.S. Department of Homeland …

Bitcoin now 'unit of account' in Germany

Germany's ministry of finance has formally recognised the digital currency Bitcoin as a "unit of account" which can be used for private transactions – meaning that the ministry will now be able to tax users or creators of the four-year-old virtual money.<p>However, companies wanting to use it for …