‘An MP leaked a confidential report about payday loans to a payday loan company, allowing the firm to suggest changes. That MP is now minister for people with disabilities at the Department for Work and Pensions. People with disabilities are more likely to take payday loans than those without them (probably due to Iain […]
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‘A coroner has called for a change to payday loan rules after a disabled teenager killed himself on the same day Wonga left him penniless after emptying his bank account. Kane Sparham-Price, 18, from Ashton-under-Lyne, Greater Manchester, hanged himself after the loans company took payment for his debts under the terms he had agreed to. […]
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‘In midst of global warming’s frightening and growing droughts, increasing shortages of water resources in Latin America are being exacerbated by World Bank (WB) million-dollar loans to unstable governments desperate to rise out of poverty by attracting global industries to exploit their irreplaceable natural resources. And most use millions of gallons of water to do […]
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‘A millionaire ex-Tory party treasurer with links to a high-interest loans company has been knighted in the Queen’s Birthday Honours List, as others who donated to the Conservatives during the election are also recognised. The […]
‘Short-term lender Wonga has swapped its controversial puppets for “hard-working dinner ladies and mums” as it bids to reinvent itself with new adverts. The lender, which recently announced a pre-tax loss of £37.3m in 2014, […]
‘Controversial payday lender Wonga could change its name in a desperate attempt to regain credibility after a string of scandals caused the firm to lose £37.3million. The firm has been hit by new rules on […]
‘Wonga announced today it would make a third of its total workforce redundant after it was forced to cap its interest rates on payday loans. The lender will shed 325 jobs after the Financial Conduct […]