Wonga must pay £2.6m in compensation

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Wonga must pay £2.6m in compensation
26th June 2014

Payday lender Wonga must pay 2.6 million pounds in compensation after sending letters from fake law firms to customers in arrears.

An investigation found that UK's largest payday lender sent threatening letters to customers from two non-existent law firms, in some cases charging legal fees to their accounts. Almost 45,000 customers will be compensated.

Wonga has apologised and said the tactic ended nearly four years ago but a further investigation is due to take place. 

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