I get lots of press releases about women and money (as you can imagine), looking at how we are saving less than men, saving more than men, aren’t saving enough for our retirement, have financial secrets from our partners and so on. So – as it’s International Women’s Day - I thought I’d write up a snapshot of what I know about SavvyWoman users from the emails, poll results, tweets and comments I’ve received.

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The OFT is clamping down on the leading fifty payday lenders (including household names), which make up 90% of the payday lending market. It’s given them 12 weeks to clean up their act or they will lose their licence and won’t be able to lend. The Office of Fair Trading started investigating payday lenders after complaints from consumer and debt groups and it found – and I quote - evidence of widespread irresponsible lending and failure by the payday lenders to comply with the rules and regulations.

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George Osborne outlined his planned changes to the banks so that they will never need a taxpayer bail out in the future. He also said that banks will need to change their culture and that consumers would be able to switch bank accounts within a week.

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