OFT review into 'payday' lending expected in Spring
Well I'm learning stuff all the time.
Yesterday I was pointed in the direction of an Office of Fair Trading (OFT) review of 'payday' lending in the UK by Which? Money on Twitter. The OFT, which is the body responsible for monitoring consumer lending - I learned that via @moneymadeclear - the FSA's consumer information service - expects to report its findings in Spring 2010. If you're interested, the OFT has published interim details - including consumer survey findings - of the review which is also available at the OFT site.