Tag: office of fair trading
OFT imposes Debt Collection sanctions on RBS
Regulator imposes requirements on Royal Bank of Scotland's use of charging orders - a debt collection method for recovering unsecured debts that could see borrowers lose their homes.
OFT to target rogue money lenders and debt collectors
Rogue money lenders and debt collectors will be stopped from trading under plans put out for consultation.
Office of Fair Trading vows to get tough
A new guidance from the Office of Fair Trading (OFT) is set to triple the amount that businesses can be fined for stepping beyond permitted competition boundaries.
Payday Lender Fined Half a Million Pounds After Being Duped By...
A payday lender has been fined more than half a million pounds and had its licence revoked after falling victim to fraudsters who successfully impersonated thousands of people to take out loans.
Payday Lender Fined £500,000 After Fraud Scam
A payday lender has been fined more than half a million pounds and had its licence revoked after falling victim to fraudsters ...
CSA Comments on New OFT Power
The Office of Fair Trading will soon have the power to instantly shut down dodgy financial companies who are ripping off customers.
Wonga debt collection methods criticised by OFT
High-profile money lending firm Wonga has been criticised by the Office of Fair Trading for using aggressive and misleading debt collection methods.