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May 31, 2013 12:57 pm PDT
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/n8ZbimFRk9Q/story01.htm
Usury in theUK
A UK Parliamentary committee blasted the Office of Fair Trading -- a consumer watchdog agency that is supposed to regulate moneylenders -- for doing effectively nothing to curb the growth of usurious, predatory moneylenders who attack poor and vulnerable people. There are 72,000 consumer credit firms in the UK, some chargin annual interest rates of 4,000%, but the OFT has never fined a single firm for breaking lending rules.     |
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/n8ZbimFRk9Q/story01.htm
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