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Irresponsible lending - a scoping paper
— summary [of Age Concern England's response to the Office of Fair Trading] |
| Corporate Author | Age Concern England - ACE |
| Publisher | Age Concern England, London, October 2008 |
| Pages | 2 pp (Policy response Ref: 2508(S)) |
| Source | Age Concern England, Astral House, 1268 London Road, London SW16 4ER. Download document at http://www.ageconcern.org.uk |
| Keywords | Financial services [older people] ; Financial institutions ; Consumer protection ; Age Concern ; Comments or Evidence submitted. |
| Annotation | The Office of Fair Trading (OFT) is conducting a project to provide a clear OFT position on the test for irresponsible lending under section 25 of the Consumer Credit Act 1974. The Consumer Credit Act 2006 amended the 1974 Act to designate irresponsible lending as an unfair business practice that might affect a firm's fitness to hold a consumer credit licence, but does not explicitly define irresponsible lending. This summary of the submission by Age Concern England (ACE) to the OFT comments on OFT's project on irresponsible lending and its impact on older age groups. (RH). |
| Accession Number | CPA-081114003 P |
| Classmark | J: WNL: WYP: PT: 6PM * |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |