Wednesday, 6 August 2008

OFT launches consultation on Responsible Lending

The Office of Fair Trading has announced the start of a year long project looking at responsibility in lending, and published a scoping paper for consultation. This is available from the OFT from the link below with a deadline for responses of 24th October 2008.

Dood supporters are encouraged to respond to the consultation arguing for the widest possible remit to be given to the project, in order to allow it to investigate and make recommendations on all matters from advertising, through to lending decisions, and decisions concerning recovery action. We will be examining the issues in more detail over the period of the consultation and will issue further news and views on the website in due course.

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