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MPs slam ‘timid’ OFT over ‘predatory’ payday advances businesses

MPs slam ‘timid’ OFT over ‘predatory’ payday advances businesses Regulatory body hasn’t done adequate to tackle ‘predatory’ companies, committee reports Timid and regulators that are ineffective didn’t tackle “predatory” payday-loans businesses which leave clients with “out of control” debts, a committee of MPs has warned. It accuses unscrupulous businesses at the “shabby end” associated with credit market of focusing on …