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OFT uses power to suspend a credit licence for the first time
The OFT has today suspended, with immediate effect, the consumer credit licence of Staffordshire-based Donegal Finance Limited – trading as Donegal Finance, Donegal Investigations and Donegal Recovery.
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Re: OFT uses power to suspend a credit licence for the first time
About time too. There's several hundred more out there I could point them too now they've got the ball rolling! -
Re: OFT uses power to suspend a credit licence for the first time
OOOOOOOOH i wonder what they did (nosy cow I am)
Bout time they started moving.. any bets on the next one?Comment
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Re: OFT uses power to suspend a credit licence for the first time
I bet it will be a long time.Comment
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Re: OFT uses power to suspend a credit licence for the first time
We'll protect consumers, we are on your side, see what we did to this no mark company you've never heard of who won't have the fighting funds that some of the bigger scumbags have !! We at the OFT are marvellous.
What a crock of shite.
M1Comment
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Re: OFT uses power to suspend a credit licence for the first time
From what I can gather it seems to be these people?
The Repo Man Channel 4 - Official website | Donegal InvestigationsComment
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Re: OFT uses power to suspend a credit licence for the first time
oh them scuzzbuckets!!
well done OFT is all I can say!!Comment
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Re: OFT uses power to suspend a credit licence for the first time
From what I can see they have had the powers to suspend a CCA Licence since February 2013. Here is the guidance issued at the time: http://www.oft.gov.uk/shared_oft/bus...es/OFT1480.pdf"Family means that no one gets forgotten or left behind"
(quote from David Ogden Stiers)Comment
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Re: OFT uses power to suspend a credit licence for the first time
From what has been posted here, suspending or revoking that Licence will have no effect whatever on that company.
It is just PR flim-flam.Comment
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Re: OFT uses power to suspend a credit licence for the first time
I agree with Leclerc and CC to some extent. However, living as a cynic all the time is not good. Occasionally we should welcome the fact they have actually done something.
It is the same with the bailiff guidance I've just posted up about. Sure, there's nothing new except the bit about working with free debt advisers, which I've not seen before, and EXCEPTING the fact the government have seen fit to write the guidance and put a whole load of niggling issues together in one place and deal with them. It's a step forward.
As the song says, 'You've got to accentuate the positive!'Comment
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Re: OFT uses power to suspend a credit licence for the first time
In terms of having any effect, it is roughly as useful as new guidelines issued to the militia on how to use an arquebus.Comment
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Re: OFT uses power to suspend a credit licence for the first time
Every starts with a step sayeth the optimistic Labman!
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