Wonga to pay £2.6m compensation over 'misleading practices'

Britain's biggest payday lender Wonga has agreed to pay more than £2.6 million in compensation to about 45,000 customers for "unfair and misleading debt collection practices", the Financial Conduct Authority (FCA) has announced.


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.