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(BusinessWeek)   The UK is investigating credit card firms for acting like credit card firms   ( divider line
    More: Cool, Fellowship of Christian Athletes, Office of Fair Trading, credit cards, consumer credits, payday loans  
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728 clicks; posted to Business » on 03 Apr 2014 at 10:56 AM (4 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»

4 Comments     (+0 »)
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2014-04-03 11:24:22 AM  
In before "But people NEED loan sharks to make ends meet. Why do you hate the free market?"
2014-04-03 11:36:46 AM  
I hear the FCA is sending this guy:

img3.wikia.nocookie.netView Full Size
2014-04-03 12:42:55 PM  
Most things that happen in the US aren't legal in other western democracies.
2014-04-03 01:21:09 PM  
I could be supportive of such things here if it were limited to disclosure laws, requirements of plain language regarding the implications of various activities, and the assumption of risk being put on the company for any failure to properly inform the consumer, or confusion regarding the contractual agreement. This last rule would make the businesses that work for the good of the public naturally outperform those that are screwing their customers. After that, it's just a matter of letting businesses fail when the time comes.

I'm sounding like Charles Koch's op-ed, aren't I?
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