MPs criticise 'timid' regulation of pay day lenders

Brennan, Henry
May 2013
Mortgage Strategy (Online Edition);5/31/2013, p6
Trade Publication
This article reports on criticisms made by a group of British Members of Parliament on the regulatory approach of the British Office of Fair Trading concerning payday lenders. The group stated that the regulator has never fined firms with consumer credit licenses based on an investigation of the British consumer credit market. The group described the regulator's approach as timid rather than tough in its enforcement of its regulations.


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