OFT pulls the plug on Yes Loans – The Guardian

Posted March 9th, 2012 in consumer credit, consumer protection, loans, news by tracey

“The Office of Fair Trading is revoking the consumer credit licence of one of the UK’s largest unsecured credit brokers for ‘deceitful and oppressive business practices’. If successful, it will put payday loans broker Yes Loans out of business – but the firm has 28 days to appeal and can continue arranging new loans in that time due to limitations in consumer credit regulations.”

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The Guardian, 8th March 2012

Source: www.guardian.co.uk