Campaigners call for inquiry into council ‘toxic’ loans

Residents have raised objections against risky high-interest loans in 46 local authorities, campaigners have revealed. Debt Resistance UK have been encouraging people to file an objection against Lender Option, Borrower Option (LOBO) loans, after an investigation revealed local authorities had taken up to £15bn in LOBO loans. The figures published by the group show 61 LOBO loan objections…

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