U K Lending news and trends

Quick Reads
Wonga Goes Belly-Up

August 31, 2018
The U.K.’s largest payday lender is shutting down after a surge in complaints from former customers. According to Financial Times, Wonga confirmed on Thursday (Aug. 30) that its board had decided to shut down, appointing Grant Thornton as administrator. The news isn’t a complete surprise. This week, the company stopped accepting new loan applications, and also […]