– April 1, 2010

“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.

“Irresponsible lending prohibited by OTF”
BBC News, March 31, 2010.

Tom Duncan

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