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|StepChange Debt Charity response to FCA/Cash Genie announcement|
|Monday, 27 July 2015|
In response to today’s Financial Conduct Authority (FCA) announcement concerning a £20m redress scheme for more than 92,000 customers of the payday lender Cash Genie, Francis McGee, Director of External Affairs at StepChange Debt Charity, said:
“It has been well established that unfair practices were widespread in the payday loan industry. Today’s news that tens of thousands who were on the receiving end of unscrupulous behaviour will be compensated is extremely welcome.
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