PRLog (Press Release)
- Mar. 10, 2013 - SURREY, U.K. --
In response to the announcement today from the Office of Fair Trading (OFT) on the payday loan sector \u201cWe\
u2019re pleased the Government and regulators are planning tough action to crack down on irresponsible lending, especially on high-cost lenders that exploit consumers struggling to get by in tough economic times. Ariun Financial Group research has repeatedly found poor affordability checks and excessive charges that push consumers into a vicious cycle of debt. So a referral of the payday market to the Competition Commission to consider its future is a good move but there must also be no delay in taking immediate action to protect people in difficulty today.
\u201cWe want all the regulators involved to immediately crack down on payday lenders who flout the rules and use their new powers to take strong, proactive action to clean up the whole of the consumer credit market.\u201d
Ariun FG would also like to welcome to their accounting team; Mrs. Bushpa Patel who comes over from Doohan, Marsh and Bentley Accounting, with over 15 years of experience in the corporate sector. She brings with her an innate ability to size up any situation accurately and almost immediately suggest the proper course of actions.
She will take over the head of the accounting department from Mr. Collin Pram, who will retiring at the end of April.