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U.K. Confirms Payday Loans Caps Coming In January
November 11, 2014
Strict new price caps will come into force in the U.K.’s payday loans market in January, sector regulator the Financial Conduct Authority (FCA) has confirmed, affecting any U.K. businesses that offer...
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Wonga Writes Off 330,000 Debts To People It Should Never Have Lent Money To
October 02, 2014
Payday loans startup Wonga has agreed to entirely write off the debts of 330,000 customers after the UK regulator found its affordability checks were inadequate. Read More
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Barclay's Gold Price Fix Scandal Only Hints at Bigger Problem By David Zeiler
May 23, 2014
Barclays Plc (NYSE ADR: BCS) was fined $43.8 million today (Friday) by a U.K. regulatory agency as part of a gold price fix episode back in 2012 . A trader abused Barclays' role as one of the big banks...
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