FINANCE

Council hits back at 'illegitimate' claim

Newham LBC has denied claims that decisions to enter into controversial high-interest loans were illegitimate.

By Naomi Larsson | 31 October 2018

Newham LBC has denied claims that decisions to enter into controversial high-interest loans were illegitimate.

A report from campaign group Research for Action suggested the council's debt incurred by Lender Option Borrower Option (LOBO) loans was illegitimate and some loans were illegal.

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Popular articles by Naomi Larsson

  1. Local audit's perfect storm
  2. Living in limbo
  3. Breckland goes it alone in wake of strategic partnership end
  4. SEND children being left behind by council
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