References in periodicals archive ?
Gopee sued for possession of victims' homes even after losing his consumer credit licence, making his loan agreements unenforceable.
The company traded from Stockport and operated under the regulation of a consumer credit licence preventing utilisation by the company or its directors and providing protection from any failure of the company.
Jones and his son Nathan also operated a company called Adjust 4 Life selling pensioners mobility aids, chairs and beds on finance at extortionate rates of interest, despite the pair not have a consumer credit licence.
Cardiff Crown Court had previously heard that the elder Mr Bloom's company had a consumer credit licence until 2006, but after it expired he continued to hand out unlicensed loans.
Prosecutor Heath Edwards, acting on behalf of Cardiff Council, said Bernard Bloom's company had a consumer credit licence until 2006, when it expired and wasn't renewed.
All credit brokers must hold a consumer credit licence, be clear about their fees and avoid misleading customers.
Judge Peter Heywood said Walker had no consumer credit licence and the average APR at Connah's Quay was "astronomical.
The transfer of consumer credit legislation enforcement from the Office of Fair Trading (OFT) to the Financial Conduct Authority (FCA) will directly affect all businesses with a consumer credit licence.
Andrew James, who runs Apex Car Finance in Astwood Bank, Redditch, has had his consumer credit licence suspended by watchdogs.
If the objective of the reputable and responsible in the sector is to eradicate bad practice, high charges and dubious customer practices then the best way to do it is through making it hard to obtain a consumer credit licence at the start.
Under OFT rules, anyone applying for a consumer credit licence must undergo checks to see if they are fit to run a finance firm.

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