Tuesday, 17 October 2017

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“Irresponsible lending prohibited by OTF”

Posted by
April 1, 2010
in Blog

“The new requirements form part of new guidance from the Office of Fair Trading (OFT) to counteract irresponsible lending.

‘[We] expect all consumer credit businesses to fully comply with both the word and spirit of this guidance,’ the OFT said.

The regulator can ultimately suspend a lender’s consumer credit licence.” Read more.

 
BBC News, March 31, 2010.