Millions of people with credit cards issued by major banks may not be able to use them in the January sales, says the Daily Telegraph , because some firms have yet to send customers the new ‘chip and pin' cards.
Barclays and HSBC have admitted nearly one in three of their customers have yet to receive the new anti-fraud cards, that figure becomes one in five for Lloyds TSB and Natwest.
This could leave several million customers without the ability to use their credit and debit cards as retailers can refuse to accept the old-fashioned cards from January.Robert Bonnier, a one-time star of the dotcom boom who created Scoot, has been hit with the largest fine handed out by the FSA to any one individual – of £290,000 - for his share dealings in serviced office company Regus two years ago, says the Guardian.
Bonnier was managing partner at Indigo at the time –the firm incidentally was also fined £65,000 – when he made “12 inaccurate notifications to Regus about the shares held by Indigo” to the London Stock Exchange.
While Bonnier was telling the City it might bid for Regus, Indigo, on the other hand, was dealing in contracts for differences (CFD) derivatives vehicles which did not give it authority over the shares, and therefore revealed the firm did not have a 12% stake in the firm, it had nil.
MPs have accused banks of unfairly penalising people on low incomes as the rise in fee-charging ATMs came under the scrutiny of the Treasury Select Committee, says the Times.
MPs have accused fee-charging ATM providers for profiteering from people on low incomes as banks are now less willing to install free ATM cash dispensers in post offices and in deprived inner-city areas where they have closed branches.
Although the Government is promoting the provision of basic bank accounts, benefit claimants routinely have to pay between £1 and £5 to withdraw cash from commercial ATMs, and is therefore in conflict with the government’s aims to wipe out financial exclusion given so many of these charged machines are in post offices.IFAonline
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