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FOI: one part of the fight against the ‘lose-lose’ LOBO loans to local councils

13th June 2018 by Myfanwy

Controversial loans sold to councils by banks, known as LOBOs (Lender Option Borrower Option), are under investigation by the group Debt Resistance UK (DRUK). These loans have unfavourable terms, according to a landmark legal case may be untenable, and are resulting in absurd levels of debt repayment: DRUK have found, for example, that in the…

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5th OGP Global Summit


Georgia will host the 5th Open Government Partnership Global Summit in Tbilisi in July. Rebecca and Mark from the mySociety team will be there presenting…