Wonga's head of regulatory and public affairs has told a committee of MPs that he could not work out the interest on a loan from his own company becau...
The past couple of weeks have been big ones in this small, traffic junction heavy part of London. Silicon Roundabout has cemented its position as the centre of the UK's tech industry.
While the banking sector continues to flounder amid increasing regulatory scrutiny, London is once again at the forefront of financial innovation as a number of young companies forge ahead in trying to solve many of the pressure points associated with standard banking products.
Pressure is mounting on the House of Lords to approve tough new regulations for payday lenders like Wonga, as more than 40,000 people sign a petition ...
In 1999, T.V Smith, founder of the pioneering punk band The Adverts, sang "And I pay more for my food 'cause the supermarket's too far... It's expensive being poor because everything costs more." He had a point.
Payday loans companies charge high late payment fees, interest rates of around 4000% APR, and can push many people deeper into a spiral of debt which ...
Today's evidence from R3, the insolvency practitioners, that the rapid and rabid growth of Britain's payday loan industry is leading people to go hungry in order to repay these debts, is saddening but not surprising to me.
Thousands of people could be going without food, clothes and heating in order to pay back "payday loans", and the number of people taking on the credi...
We must concentrate on the causes as well as the symptoms of the financial crash, debt and poverty in the UK. But this in no way means we should not criticise Wonga and pour scorn on Newcastle United for accepting their cash and granting them more legitimacy.
TV favourites Ant and Dec are facing a Twitter backlash after it emerged the new series of Red or Black will be sponsored by payday loan firm Wonga.
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Workers are increasingly turning to payday loans firms because their wages run out before the end of the month, creating a "debt disease" which is spr...
The news that Wonga will soon start offering payday loans to businesses this week was almost drowned out by the sound of tuts.
Labour MPs attacked T...
Controversial pay day loans company Wonga is targeting Britain's small business with the launch of a new service to give companies "an instant cash fl...
Short-term lender Wonga.com tonight announced it is taking down information on student finances from its website following accusations it was encourag...