Money news

Text messages that were used to promote a payday lender have been banned by the Advertising Standards Authority (ASA).

Allowing credit unions to charge borrowers more would help turn them into a real alternative to payday loan firms and other high-cost lenders, according to a think tank.

Children are increasingly aware of the need to be responsible when it comes to money, even helping mum and dad save during the current economic downturn.

Cash machine users are being warned to be on their guard, as attempted crime has tripled year-on-year.

Research from the Payments Council suggests that a fear of using the latest payment methods, such as mobile phone banking and contactless cards, is becoming more widespread due to security concerns.

Older people who fall into "problem" debt are twice as likely to suffer a marriage breakdown as those living without such financial pressures, a report has revealed.

Young people are leaving education with poor money management skills and are more at risk of getting into debt in adulthood because of it, new research suggests.

Ed Balls is set to reveal how Labour would significantly reduce universal benefits if it takes power in two years' time.

More than half of transactions carried out in the UK last year were made using cash, according to the British Retail Consortium.

Money earned by employees will go into their own pockets from today, rather than those of the taxman.