The Office of Fair Trading in the UK, the near equivalent of the FTC here in the U.S. just announced a crackdown on financial services lead generation sites.
In the UK, websites that generate leads must be licensed under the Consumer Credit Act.
The sites closed by the government were:
As you can see the emphasis is primarily on quick cash, payday loans, or loans for disadvantaged people.
David Fisher, OFT Director of Consumer Credit said, “Websites like the ones we have shut down target vulnerable people and those who may not have easy access to credit. We advise consumers to think carefully before entering personal data into any lead generation website, in case this information is passed on without their knowledge.”
Lead Generation Websites Closed Following OFT Investigation in the UK by Steve Rhode
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