Sense in Britain
June 15, 2010 | industry, international, regulation | Comments (0)From the story:
The Office of Fair Trading (OFT) has backed away from recommending price controls on expensive forms of short-term borrowing.
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“In a number of respects, these markets work reasonably well in that they serve borrowers not catered for by mainstream suppliers, complaint levels are low, and there is evidence that for some products, lenders do not levy charges on customers who miss payments or make payments late,” the OFT said.
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