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Commercial Credit News
|StepChange Debt Charity response to Wonga and Financial Ombudsman Service announcements|
|Tuesday, 19 May 2015|
In response to today’s announcements by Wonga and the Financial Ombudsman Service, Mike O’Connor, Chief Executive of StepChange Debt Charity, said:
“The payday lending industry has caused enormous damage in recent years. We are hopeful that the Financial Conduct Authority (FCA) crackdown means that the sector can become part of a responsible credit market, but we must remain vigilant for new forms of exploitation of financially vulnerable people.
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