Stella Creasy: Wonga's sorry isn't good enough

Labour MP Stella Creasy, a fierce campaigner against payday lenders, said that Wonga's apology over its misleading practices "isn't good enough."

Shadow Minister for Competition and Consumer Affairs Stella Creasy MP has campaigned against the payday loan industry.
Shadow Minister for Competition and Consumer Affairs Stella Creasy MP has campaigned against the payday loan industry. Credit: PA

She said: “Today's news that Wonga were sending fake solicitor letters to cash strapped customers who couldn't afford their fees to frighten them - and charging them for these - is further proof of the need for Britain to rid itself of these legal loan sharks.

"It is also deeply concerning the Government regulators have known about this issue since 2011 but it has taken so long for any action, and that despite these behaviours being potentially a criminal matter under the Administration of Justice Act the police do not seem to be involved.

"Local debt collectors who behaved in this way wouldn't get off so easily, so we urgently need to know why Wonga isn't being held to account when they admit to flouting the laws on harassing debtors - saying sorry four years later just isn't good enough."

More: Wonga to pay compensation for 'misleading practices'

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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.