article_snippet: When The Williams family were unable to pay, the firm – Somerset-based UK Acorn Finance – started legal action to repossess the farm.
article_snippet: As commercial lending is unregulated, most of Acorn’s activities are not overseen by the Financial Conduct Authority.
article_snippet: In response to complaints it had not tackled Acorn, the force said the force accepted the lender was ‘aggressive and unpleasant’ and had caused significant distress.
article_snippet: the force said Acorn exploits a ‘loophole’ and called for tighter regulation.
article_snippet: Now the Financial Conduct Authority, the Solicitors Regulation Authority and the Government are scrutinising Acorn’s activities.
article_snippet: Outside court, Acorn said: ‘UK Acorn Finance has repeatedly invited Mrs Williams to enter into a constructive dialogue with UK Acorn Finance to achieve the repayment of Mrs Williams loans but Mrs Williams has chosen not to take up those invitations. '
article_snippet: That has left UK Acorn Finance with no option other than the enforcement of UK Acorn Finance loan security.