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News from the OFT
July 2009
OFT Annual Report
The OFT has published its Annual Report outlining its achievements across its consumer and competition work during 2008-09.
Figures published in the accompanying Positive Impact Report show that the OFT's competition enforcement, consumer protection, merger control and market investigation work alone saved consumers around £409m per year on average over the period 2006 to 2009.
OFT publishes financial services plan
Following consultation, the OFT has published its financial services plan setting out its short and medium term approach to the sector and the need for flexibility in changing circumstances.
OFT consults on irresponsible lending guidance
The OFT today launched a consultation on draft guidance setting out practices the OFT considers constitute irresponsible lending.
The proposed guidance clarifies minimum standards required from businesses engaged in lending which, if breached, could lead to the OFT taking enforcement action against the lenders.
Other news on credit
- OFT issues guidance for second charge lending
- OFT imposes requirements on Yes Loans over credit brokerage services
- OFT to review high cost consumer credit sector
- OFT warns consumers about 'debt sale' scams
Ryanair improves the clarity of its website and advertising
After reaching an agreement with the OFT, Ryanair has taken a number of voluntary steps to increase the clarity and transparency of its website and other advertising.
Isle of Wight Ferry services market study
The OFT is consulting on its provisional finding not to refer Isle of Wight Ferry services to the Competition Commission for further investigation.
High court rules on Foxtons' letting agreements terms
The OFT has welcomed a landmark High Court ruling that certain terms and conditions used by Foxtons Ltd in its lettings agreements with landlords are unfair.
OFT scams awareness campaign shows results
The proportion of consumers who are fairly or very knowledgeable about major scams has shown a rise, according to evaluation of the OFT Scams Awareness Month campaign run in February.
Digital Britain - review of media merger regime
The OFT has published a report on the local and regional media merger regime in the UK, as part of the Government's Digital Britain review.
OFT consults on transparency proposals
The OFT has published a consultation setting out its proposals on how it can become increasingly transparent and open in the way it works.
Consumer Direct
Consumer Direct has published customer opinion research. The results, which include an 84 per cent satisfaction rating amongst those who have used the service, are available on the relaunched partnership pages on the Consumer Direct website.
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OFT announces clearer terms for ticket buyers
CAMRA submits super-complaint to OFT
Online discount scheme agrees to change sign up process
Solar heating company to improve practices after OFT intervention
OFT Estate Agent Public Register goes online
New arrangements for confessing to cartels in Scotland agreed
OFT refers proposed Ticketmaster/Live Nation merger to Competition Commission
OFT accepts divestments in Global/GCap radio merger
OFT publishes revised guidance on Merger jurisdiction and procedure
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Home buying and selling market study
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Local bus services market study
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Second-hand cars market study
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Personal current accounts - UTCCRs investigation and test case
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Cartels cases
- Mergers cases
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