U.K. Subprime Lender At Risk Of Losing License

23 Jun 2011

The U.K.’s Office of Fair Trading has warned subprime lender Swift to improve its lending and collections practices or risk losing its credit licenses.

The U.K.’s Office of Fair Trading has warned subprime lender Swift to improve its lending and collections practices or risk losing its credit licenses. The OFT said that an investigation found instances in which the firm, trading as Swift Advances and Swift Securities, gave secured loans to customers ...

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