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 Building Society 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 loans lender halts Debt Collection activity
Controversial payday loans firm Wonga has written off a total of £220m of debt owing from 330,000 customers after admitting making loans to people who were...
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.
