50 councils face residents’ objections to LOBO loans

By Dan Peters | 27 July 2016

Objections to up to 50 councils’ annual accounts could be submitted by residents against the use of controversial Lender Option Borrower Option (LOBO) loans, a campaigner has predicted.

Joel Benjamin, of Debt Resistance UK, said the next step after that would be to ‘escalate the issue up the chain to the Local Government Association [LGA]’.

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Finance Local Government Association