“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…
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“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.
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