Control of the credit industry

CONTROL OF THE CREDIT INDUSTRY

CONTROL OF THE CREDIT INDUSTRY There are three control mechanisms by which the credit industry is controlled to prevent rouge trading: 1. Licensing of certain credit-business activities. 2. Criminalising canvassing off-trade premises. 3. Criminalising postal soliciting of minors to obtain credit. Licensing By powers granted to the Office of Fair Trading under the Consumer Credit … Continue reading →