Hilary Osborne 

How buying paint can wreck your car, and Facebook steps in to stop insurer

Also, rising trend for developers to build leasehold houses, property price growth at a standstill and underground homes for sale
  
  

The Financial Conduct Authority is to investigate banks’ loans that charge high interest rates and wade into controversy over fees on overdrafts.
The Financial Conduct Authority is to investigate banks’ loans that charge high interest rates and wade into controversy over fees on overdrafts. Photograph: Alamy Stock Photo

Hello and welcome to this week’s Money Talks – a roundup of the week’s biggest stories and some things you may have missed.

Money news

Facebook forces Admiral to pull plan to price car insurance based on posts

FCA to investigate banks’ high-cost credit including overdrafts

Online scams and ‘portal juggling’: National Trading Standards lists threats

Boss of firm that used cold-calling to sell call-blocking devices is jailed

Santander 123 account rate cut comes into effect

Volkswagen’s US compensation deal leaves British drivers fuming

House price growth at a standstill in October, says Nationwide

Feature

How a trip to B&Q to buy paint can wreck your car

In pictures

Homes underground

In the spotlight

Recently built homes have been left unsaleable thanks to a growing trend for developers to build leasehold houses. Patrick Collinson spoke to homeowners facing huge bills to buy their freehold.

Consumer Champions

One thing I didn’t budget for at Aldi: a £70 parking fine

Dear Finnair: staff falling ill is not ‘extraordinary’

I’m asylum seeker with permission to work … but cannot open a bank account

Money deals

Save up to 10% with Guardian home insurance, provided by Uinsure. Get a quote in just 60 seconds.

If you need to send money overseas you can get expert advice and free online transfers with moneycorp, providers of the Guardian money transfer service.

 

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