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Tag: fca

Money Shop owner to pay staggering £15 million in refunds

One of the UK's major payday lenders is to refund £15.4m to 147,000 customers - many of whom were given loans they could not afford...

Yorkshire BS fined over customer failings

The Financial Conduct Authority (FCA) has continued to flex its muscles after issuing a massive 4.1m fine to Yorkshire Building society for not dealing...

Payday lender halts Debt Collection activity

Controversial payday loans firm Wonga has written off a total of £220 m of debt owing from 330,000 customers after admitting making loans to people...

Wonga to pay £2.6m compensation for Debt Collection shame

The UK's best known pay day lender 'Wonga' has been ordered to pay over £2.6m in compensation after it was found to have sent...

FCA to review Debt Collection practices of Payday Lenders

Payday money lender firms have long been criticised for expensive interest levels and also apparent simplicity assisting the UK population with escalating numbers of...

OFT to target rogue money lenders and debt collectors

Rogue money lenders and debt collectors will be stopped from trading under plans put out for consultation.

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