Wonga is dead but exploitative lending will only end when we solve the cost of living crisis
Wonga is just one symptom of a broken economic model.
Wonga is just one symptom of a broken economic model.
A bad day for Wonga provides a valuable opportunity to reform the credit industry
It says a lot about an industry when rules for fair treatment are enforced and it sulks
It is encouraging to see the payday loans sector come under increased scrutiny. But we must seek ethical alternatives
The FCA had an opportunity to fix a broken market. It didn’t take it.
Despite new regulation, the big lenders will remain.
The infamous Wonga letters have highlighted similar practices by larger companies.
If the regulator had been firmer before then some borrowers might not have been treated unfairly.
Encouraging the FCA to be even more tougher with the industry is of vital importance.
A new report has called payday lending the most harmful type of debt that an individual can obtain.