Even before that, Wonga, by far the largest payday lender, told its investors that it just wouldn’t be the same business anymore, at least not in the near term. FCA regulation, which began in April and is getting tougher, means it won’t grant as many loans and they won’t be as profitable. And Wonga’s retreat […]
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ED MONK: The payday loan party is finally over – now it’s time to look back and ask ‘
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