Wonga | The Guardian (original) (raw)
March 2021
High court allows troubled Amigo Loans to cap compensation payments
Court rejects fears deal would be unfair to customers by cutting payouts to 5% even though directors could earn £7m
January 2021
MPs warn buy now, pay later firms 'could be the next Wonga'
At least 70 MPs want companies such as Klarna and Clearpay to be more tighter regulated
February 2020
Complaints over new high-cost loans more than triple
UK ombudsman taking tougher stance with lenders amid huge rise in cases involving successors to payday loans
January 2020
Wonga claimants to get just 4.3% payout for mis-sold loans
Average compensation amount should have been £1,200 but will now be only £64 each
November 2019
Stella Creasy calls for inquiry into FCA over Wonga and QuickQuid
Collapse of payday lenders should have been spotted by regulator, says Labour politician
October 2019
QuickQuid owner collapses into administration
Almost 1m customers face financial uncertainty as UK’s biggest payday lender closes
QuickQuid owner on brink of collapse as payday lender complaints surge
CashEuroNet UK close to entering administration in latest blow to high-cost loans industry
Wonga customers' average compensation payout may be just £118
People who were mis-sold loans expected to get 10% of compensation they are owed
March 2019
Wonga compensation claims rise fourfold
Administrators expect further rise when customers are asked if they think they were mis-sold loans
December 2018
Wonga collapse clears decks for US payday loan firms in UK market
US lenders emerge as big players despite customer complaints and high-cost credit clampdown
November 2018
Wonga compensation claimants may lose out due to automation plan
Administrators winding up payday lender are devising a computer-based tool to decide whether claims are valid
September 2018
Church of England pulls out of Wonga rescue effort
Need a £250 loan? Here are some options if you're broke
Archbishop of Canterbury to lead Wonga rescue effort
Wonga was bad, says Michael Sheen. But even worse lenders could now move in
Business leader
Wonga has gone, but the gig economy that made it necessary is still with us
Yes, Wonga has gone, but the money sharks still circle
Stella Creasy
Wonga administrators plan 'an orderly wind down' of payday lender
Grant Thornton appointed to start the process of identifying all creditors
Brief letters
Wonga spells timber for magic money tree
Brief letters: Turf wars | Welsh vernacular buildings | Ordained ministers | Gordon Bennett | Wonga | Safety from dogs
Households 'will still turn to payday lenders despite Wonga collapse'
Campaigners says economic pressures mean people will have to take out high-cost debt
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