Police 'decide not to prosecute Wonga'

The Financial Conduct Authority said that it referred Wonga to the police to assess whether the payday lender had committed a criminal offence, but the City of London Police have decided not to proceed with a case, ITV News Editor Jess Brammar has learned:

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We're told Wonga case was referred by the regulator to City of London police for consideration. We understand police decided not to proceed.

Read: FCA refers Wonga case to the police

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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.