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