A Church of England spokeswoman, commenting today on the FCA ruling that Wonga had engaged in "unfair and misleading debt collection practices" said:
We welcome anything that clamps down on aggressive or irresponsible debt collection practices, and not just by payday lenders.
This highlights the need for more responsible alternatives to payday lending and other forms of high cost credit.
That is why the archbishop's task group is developing a set of practical initiatives to meet the need for more affordable and responsible lending and saving opportunities.
The country's biggest payday lender apologised after admitting it sent 45,000 customers letters from fake law firms.
The payday lender's misleading practices has shown how unfairly customers have been treated in the past.