FCA refers Wonga case to the police

The Financial Conduct Authority said that it has referred Wonga to the police to assess whether the payday lender had committed a criminal offence by sending letters from fake law firms in order to pressurise their customers into paying back loans.

ITV News Business Editor Joel Hills reports:

8770f0d680420a759927c206792bba68_normal

It is illegal to impersonate a solicitor. @thefca confirms has referred Wonga's case to police to assess if legal action should follow.

More: Wonga to pay compensation for 'misleading practices'

Advertisement

Police to look again at fake legal letters sent by Wonga

City of London Police have confirmed they are to look again at whether they think a criminal investigation into Wonga would be appropriate after the payday lender sent out fake legal letters to customers.