Tag: Payday Lenders

PayDay Salvation

Apparently Justin Welby has had a meeting with Errol Damelin, the head honcho of Wonga the payday loan company. He’s reported to have told him that he isn’t planning to legislate these companies out of business, rather he wants to

Tagged with: , , , , , , , , , , , , , , , , , , ,

The Ethics of PayDay Lending

Yesterday’s OFT report on the performance of “PayDay Loans” companies was, let’s be frank, damning. OFT Paper 1481 gives most of the lenders in this market a tiny window of twelve weeks to demonstrate compliance in five key areas. These

Tagged with: , , , , , , , , , , , , , , , , , , ,
Top