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Office of Fair Trading - review of payday lending

Last month, Office of Fair Trading (OFT) launched a review into whether or not payday lenders are complying with the Consumer Credit Act and the Irresponsible Lending guidance for creditors.  

If payday lenders are not doing what they are supposed to, the OFT will take enforcement action against them. But they cannot do this, if you do not tell them what is going on and it is impacting on your clients. For example, the firms your clients borrow from might be:

Changes to benefits in 2012

Click on link to see a summary of recent and forthcoming benefit changes (extracted from NAWRA)

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