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MSE News: Dodgy debt firms face being shut down immediately

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Former_MSE_Helen
Former_MSE_Helen Posts: 2,382 Forumite
in Loans
"Unscrupulous firms risk having their licence revoked with immediate effect..."
Read the full story:
Dodgy debt firms face being shut down immediately


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Comments

  • VT82
    VT82 Posts: 1,085 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    "having their licence revoked with immediate effect"... in 2013
  • mo786uk
    mo786uk Posts: 1,379 Forumite
    It needs to go through consultation etc

    You can be sure big credit companies will lobby hard and still make it extremley difficuly for the OFT to actually powers - for exmaple there will prob be a very high evidence threshold in terms of having alicence taken away.
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