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OFT and unfair relationships

The OFT are consulting and it does say that any views can be made about the document so have a quick read
www.oft.gov.uk/NR/rdonlyres/B82BE862-448D-4478-A6CD-A78AAAF7685D/0/oft854con.pdf


Am still reading it but would draw you to section 4
3.6 In addition, we operate the credit licensing regime under the 1974 Act.
This requires us to be satisfied that a person is fit to engage in consumer
credit activities. In doing so we must have regard to all relevant matters
including whether the trader, or an associate or former associate, has
contravened relevant legislation or
Quote:The collective interest test (3.24 onwards) makes for very concerning reading for the banks.

Everyone on this forum should write to the address at the front and give examples of where the banks are collectively doing this to the whole damn marketplace.


3.24 Part 8 is not a means of pursuing individual redress. It applies only toAlso.... this makes great reading...



4.17 For example, the borrower may be unaware that a fee would be charged
Quote:Where do you get your copies of the Acts, Surly? From online or in print/book form?i really dont know where to start helpRead the FAQ section which explains WHY you're entitled to claim back the charges and HOW to do it...Once you've done all that you can get someone to check that your first letter is correct!