Wonga

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Privately owned Wonga fell into difficulty in recent years after scrutiny of its practices led to a cap on interest on payday loans

Wonga, the payday lender, says it will file for administration, bringing to an end one of the UK’s largest short-term credit companies after it was ov(...)

Druids Glen Hotel & Golf Resort is for sale from today, with a price tag of €45 million for the five-star resort

With the economy approaching full employment, Ireland is proving attractive again for Irish emigrants, with 28,400 moving back here from abroad, up 1,(...)

Earlier this month, Wonga said its struggles were due to a “significant” increase industry-wide in people making claims in relation to historic loans. Photograph: Rui Vieira/PA Wire

Wonga has lined up potential administrators after a surge in compensation claims pushed the payday lender to the brink of collapse, according to repo(...)

Archbishop of Canterbury Justin Welby, vocal in criticising City bonuses but may need to look closer to home. Photograph:  Oli Scarff/Getty Images

The Church of England has come under fire after it was revealed its powerful investment fund holds a significant share stake in Alphabet, parent compa(...)

Britain’s biggest short-term lender Wonga, says on its website that its representative annual interest rate is 5,853 per cent

Interest charged on loans offered by payday lenders in Britain will be capped at 0.8 per cent a day from January to cut the cost of short-term loans (...)

Wonga, Britain’s biggest payday lender, charges an annual interest rate of 5,853 per cent, according to its website

Britain’s competition watchdog wants to introduce price comparison websites for short-term lenders to improve the deals on offer for borrowers.The Com(...)

Wonga will pay €3.2 million in compensation to 45,000 customers after sending them bogus letters from non-existent law firms that threatened legal action. Photo: PA Wire

British lender Wonga will pay £2.6 million (€3.2 million) in compensation to 45,000 customers after sending them bogus letters from non-existent la(...)

Welby v Wonga

In Britain, payday lenders are loan companies that charge excessive rates of interest to short-term borrowers for credit they could not otherwise easi(...)

 Papiss Cisse of Newcastle United. Photograph: Paul Thomas/Getty Images

In Sedhiou, southern Senegal, Papiss Cisse is very much the local hero. The one time teenage African ambulance driver turned Premier League striker in(...)

The controversial payday lending industry was the subject of a government-led summit on Monday, hosted by consumer minister Jo Swinson. Photograph:  Gareth Fuller/PA Wire

Payday loan companies pride themselves on being able to approve advances online in less than 15 minutes. So, in the time it takes the British governme(...)