Sentence examples for payment authorities from inspiring English sources
The OFT is also likely to reiterate its warning about the misuse of continuous payment authorities.
Lenders have also been accused of raiding borrowers' bank accounts using continuous payment authorities (CPAs).
Payday lenders use continuous payment authorities to get money from borrowers' accounts.
Those practices include the use of continuous payment authorities (CPAs), which allow lenders to withdraw money from borrowers' bank accounts.
Unscrupulous lenders forced borrowers to sign continuous payment authorities, which gave the lenders the right to raid their victims' bank accounts almost at will.
They also cut back the use of continuous payment authorities so lenders can now only make two unsuccessful attempts to claw money out of a borrower's account.
If it is a "continuous payment authority" you can still cancel, despite what misinformed bank staff might tell you.
Contact your bank and cancel the continuous payment authority, and ask it to try to get your money back.
The agreement they sign to allow this to happen is known as a "continuous payment authority" (CPA).
She has been instrumental in forcing lenders to scale back their use of "continuous payment authority", the crucial weapon payday merchants use to raid accounts.
At the heart of the payday loan profit bonanza is the "continuous payment authority" (CPA) agreement, which allows lenders to access customer bank accounts to retrieve funds.
