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Stella Creasy Calls For Inquiry Into Fca Over Wonga And Quickquid - Latest News

Stella Creasy calls for inquiry into FCA over Wonga and QuickQuid

Photograph: Nicola Tree/Getty Images Stella Creasy, the Labour politician and payday loans campaigner, has called for an investigation into the Financial Conduct Authority’s regulation of Wonga and ... read more

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Why isn't Wonga in the dock? Fury at payday lender over bogus legal letters used to bully debtors

Consumer groups and an MP are demanding a police inquiry into Wonga after evidence emerged ... Shadow consumer affairs minister Stella Creasy called for a police investigation of Wonga saying: ‘Aside ... read more

Wonga collapses into administration

while the Bank of England has warned lenders about a “spiral of complacency” over consumers being able to service their debts. As Wonga fell into administration, the Labour MP Stella Creasy, a ... read more

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Carry on loan sharking: Government set to reject calls to cap extortionate payday loan interest rates

Instead, ministers will propose curbs on adverts from firms like Wonga and Payday UK and QuickQuid ... seriously but the FCA will just be told to look again at the market next year. Shadow minister ... read more

Wonga makes more than £1m a week in profit as massive advertising splurge brings in 1m payday loan customers

Meanwhile, the Office of Fair Trading has ordered a full inquiry by the Competition Commission into ... Wonga the others in its list of top five payday brands are thought to be Payday UK, Payday ... read more

Payday Loans To Be Capped By Government

"I am happy to pay tribute to some individual MPs like Stella Creasy ... times a payday loan can be rolled-over and compulsory affordability checks for all applicants. Bosses of three payday loan ... read more

Analysis: Regulator in spotlight for D-day over payday loans

One of the FCA’s new rules proposes to ban the use of CPAs for part-payments; for example, Wonga dipping into a bank account to collect ... high interest rates. Stella Creasy, the Labour MP who has ... read more

Booming payday lenders to face ban on 'rollover' loans: Celebrity-endorsed cash companies branded 'legal loan sharks' face curbs

The OFT is expected to tackle the practice of ‘rolling over’ debt into larger loans, which means problems ... point’ this year as economic pressures mount on communities. Stella Creasy, Labour member ... read more

UK banks face demand for inquiry into lawyers’ letters

Senior Conservative and Labour MPs called on the financial watchdog on Friday to launch an inquiry into ... letters from bogus law firms to customers who were in arrears, leading them to believe their ... read more

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