Cracking down on the “tooth fairy”
November 9, 2010 | international, regulation | Comments (0)That’s the name a British payday lender calls itself. A lender that has run afoul of the regulations. We agree with every word of this:
Ray Watson, the OFT’s Director of Consumer Credit, commented: “Payday lending provides access to credit for consumers who have limited choices. It is imperative that those who offer payday loans do so responsibly and in accordance with the law.
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