One of the UK's biggest brokers of loans, Yes Loans, could be put out of business after a regulator found that it conducted "deceitful and oppressive" practices. Its credit licence has been withdrawn by the Office of Fair Trading (OFT), stopping it selling loans. But hang on...Yes Loans said it was considering an appeal and would continue to trade....what!!!!

The OFT, which has been investigating Yes Loans for some time, found that the business misled some customers into believing that it was a loan provider rather than a credit broker.

It deducted fees from people's cards, without making it clear that a fee was payable, and failed to provide refunds in good time. In some cases, customers were not matched with the loan they wanted, but to a short-term, high-interest product instead. The OFT said customers were charged fees after handing over debit or credit card details for "identity checks".

So how do this work – I think the Office of Fair Trading (OFT) needs better teeth. Close down the broker and refund all the money and interest payments free of charge. Simples....but it will never happen of course.  Banks and finance organisations in general seem to be immune to consequences of any kind for their actions. They are now tools of the elite to drag us back to the past.