Payday lender loses its licence after OFT action

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Payday lender loses its licence after OFT action

19th March 2013, 11:01:AM

Online payday lender, MCO Capital Limited, has had its consumer credit licence revoked by the OFT and from today is no longer permitted to make regulated loans to UK consumers.

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Nibbler

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Joined: Aug 2008

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#2

19th March 2013, 12:15:PM

Re: Payday lender loses its licence after OFT action

Well, we knew this one was likely to happen. Old news apart from the withdrawal of the appeal really.

What really matters is whether they take action against the ones they have warned recently.
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Payday lender loses its licence after OFT action

Payday lender loses its licence after OFT action

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