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Tighter regulation of payday advances

Tighter regulation of payday advances As a consequence of the FCA’s tighter legislation, numerous loan providers have to spend payment to customers. In June 2014 Wonga, the UK’s largest company of pay day loans, compensated a complete of £2.6 million in settlement. In October 2014, 330,000 Wonga users have their debts entirely written down. It...