OFT welcomes Tribunal's decision to strike out logbook loans' appeal

[Legal Beagles]

The OFT has welcomed a Tribunal's decision to strike out appeals by the UK's biggest logbook loan businesses against the removal of their consumer credit licences.

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[labman]

Re: OFT welcomes Tribunal's decision to strike out logbook loans' appeal

Hopefully payday loans will follow!:flypig::flypig::flypig::flypig::flypig:

[CleverClogs]

Re: OFT welcomes Tribunal's decision to strike out logbook loans' appeal

The OFT has welcomed a Tribunal's decision to strike out appeals by the UK's biggest logbook loan businesses against the removal of their consumer credit licences.

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Log Book Loans can seek permission to appeal the decision of the First-tier Tribunal to the Upper Tribunal (Administrative Appeals Chamber) on the grounds that there has been an error of law. If the appeal period were to be extended in this way Log Book Loans would be able to trade under their licences until the end of the appeal period.

So they might yet be able to continue.

It is also a great pity that no criminal charges seem likely to follow this investigation.

The turds behind it will probably find another scam before long.