The Financial Ombudsman Service (FOS) received 101,031 complaints about banking and credit cards in the first half of the year, with this almost double the 56,690 recorded in the first six months of 2023. Across all products, the first six months of 2024 saw 133,019 new complains logged with the FOS. This marks a 40%…
Read moreComplaints about banks have reached a ten-year high according to the Financial Ombudsman Service (FOS) FOs received over 80,137 complaints in the year to 5th April, a 29% increase from the previous year with concerns about current accounts, credit cards, and scams being the main issues. The service forced banks to uphold 37% of cases…
Read more