More than 100 debt management firms have exited the market in the last two years, the Office of Fair Trading (OFT) has revealed. It follows a clampdown on the commercial debt advice sector by the OFT in 2010, which resulted in 129 firms being warned about their compliance standards. Updated debt management guidance has since been released by the OFT, but today it revealed more than 100 firms have left the market as it announced it had refused credit licences for three debt management firms due to concerns about their business practices.....Read more here