Couldn't happen to a nicer bunch!

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barrydidit replied

30 September 2014, 12:11
Originally posted by BrilloPad View Post

Hopefully if APR is capped at 30% they might get even smaller.

I believe the forthcoming FCA regs have set a daily limit of 0.8%, which is going to trouble the likes of Wonga somewhat.
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vetran replied

30 September 2014, 12:10
Originally posted by BrilloPad View Post

Hopefully if APR is capped at 30% they might get even smaller.

definitely bring it on!
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BrilloPad replied

30 September 2014, 11:43
Hopefully if APR is capped at 30% they might get even smaller.
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vetran started a topic Couldn't happen to a nicer bunch!

30 September 2014, 11:04
Couldn't happen to a nicer bunch!

BBC News - Wonga sees profits more than halve

Profits at payday lender Wonga have fallen by more than half, the company has announced.

In the year to the end of December 2013, profits fell by 53% to £39.7m.

The company blamed "remediation costs" - money it had to pay back to customers as a result of its own mistakes.

It also says it expects to be "smaller and less profitable" in future, in part due to new controls set by the regulator, the Financial Conduct Authority (FCA).
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