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.

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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.