Hi everyone
I've just listened to 15 mins of utter drivel!
Yes, the speaker has a point about DCAs but if you start a petition or other campaign based on this, you will only bring ridicule on anyone trying to bring these DCAs into line.
DCAs are bad news but tougher regulations are due to take hold next month. There will be a period of new regulations and a 'honeymoon' period from the OFT to get DCAs to change. After that the OFT will need real evidence to nail these firms with questionable parentage.
Instead of organising petitions etc, we should start to notify the OFT of every breach of OFT guidlines NOW, so that there is a body of usable evidence.
Well, in defence of the speaker, I think that the OFT have been long aware of what DCAs have been up to, and I don't think a great many people who post on this forum in particular have much faith in the OFT at all. I can't believe that this might be the first time anybody's made a verbal announcement on Youtube about this.
Remember that the OFT and the FOS have still allowed banks to continue with issuing customers with overdraft charges while the court case still goes on. So, I don't think that 'tougher regulations' are going to have much impact on these companies - if at all. The OFT have basically been all but ignored by these firms so far.
I myself have made the OFT aware of various breaches (about 30 or 40 in all) that DCAs/agencies have made in relation to me, and I daresay that as many, if not more, has been done to other people besides me.
The point the speaker is trying to get across is how corrupt these firms are yes, but also the fact that the government is trying to give these disreputable firms state details by the backdoor. How much more hypocritical can you get - slate these firms for driving someone to suicide, and then employ them using taxpayers money once the fuss has died down. But, the really worrying thing is that these companies will have access to government details. Something does have to be done to stop this, and I for one can't rely on the OFT to do this. It IS high time that somebody spoke up about it.
I'd also be interested to know if any DCA firms have made any party donations. I notice that this is something the speaker hasn't covered.