Tell the new regulator what you think about financial services in the UK

innovate

Rufus20 wrote: »

Why are charges and tax taken out of the years ISA allowance? Why can't they be paid separately? You get a set amount of allowance each year and you can't get it back. It is so wrong that some of that allowance gets stolen!

Can you elaborate on what charges and taxes are taken out of the years ISA allowance? What gets stolen, by whom?

innovate

chanz4 wrote: »

Close the we wont pay culture loopholes, its the thing thats killing the uk debt is.

What are you referring to?

chanz4

innovate wrote: »

What are you referring to?

Just take a look on the forum, how can I avoid this debt culture

innovate

chanz4 wrote: »

Just take a look on the forum, how can I avoid this debt culture

Which forum / sub-forum?

And how would you suggest a bank regulator would make banks to address the issues on said forums?

Done

I have no faith in any organisation such as this "NEW" FSA, they do naff all for the consumer. We need loans and credit cards to have an interest rate that they cannot go above, if they want the business they should compete downwards from that point, I suggest 20% max on cards, 15% max on loans 5% max on mortgages (banks competing downwards) repayment only, keep it simple, stop ripping folk off, lock up the bankers who screwed everyone, grow a pair, be realistic, stop lying, stop cheating, ring fence casino banking and high street "public" banking, pay a decent interest rate, reduce shareholder dividends, stop being so short term profit driven, just be nice, it's not difficult.

JuicyJesus

Done wrote: »

I have no faith in any organisation such as this "NEW" FSA, they do naff all for the consumer. We need loans and credit cards to have an interest rate that they cannot go above, if they want the business they should compete downwards from that point, I suggest 20% max on cards, 15% max on loans 5% max on mortgages (banks competing downwards) repayment only

Kiss goodbye to being able to afford a mortgage or credit card or anything like that if you have a poor credit rating.