TITLE

MPs criticise 'timid' regulation of pay day lenders

AUTHOR(S)
Brennan, Henry
PUB. DATE
May 2013
SOURCE
Mortgage Strategy (Online Edition);5/31/2013, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
87965338

 

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