Back The Guardian Payday lenders face sharp criticism as complaints rise 130%
Search Sections 23 May
Close
Advertisement
Payday lenders face sharp criticism as complaints rise 130%15 May 1:01am

Payday lenders face sharp criticism as complaints rise 130%

The Guardian
Financial Ombudsman Service says conduct by some firms in sector has been unacceptable The finance industry’s adjudicator has criticised the “unacceptable” behaviour of some payday lenders after a 130% rise in complaints, which it said goes beyond the practices of recently collapsed industry leader Wonga. The Financial Ombudsman Service (FOS) said the surge contributed to a 14% rise in complaints across the financial sector, which reached a five-year high of 388,392 over the 12 months to March.
Read full story
 Like Comment
Advertisement
Marketing

Comments

No comments yet...
On the top

Date settings

Today is Thursday, May 23, 2019

+ 1 -
+ 1 -
+ 2016 -

Close

By using our website, you agree to the use of cookies as described in our cookie policy.

Accept

The Guardian

Close