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The Office of Fair Trading admits it …

The Office of Fair Trading admits it “lacks regulatory powers” as it is slammed by MPs for failing to protect consumers from “predatory” lenders....

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BRITAIN: ‘ WONGA’s Lack of Affordability Checks Writes-Off £220 Million in...

#AceFinanceNews – BRITAIN – October 03 – Payday lender  Wonga says it is writing off £220m of debts for 330,000 customers after putting in place new affordability checks. The company,  which has faced...

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