A payday lender has been forced to pay £34 million in redress to almost 100,000 customers following the exposure of shoddy lending practices.
CFO Lending has agreed the redress package with regulator the Financial Conduct Authority (FCA), in light of “serious failings” dating back to the company’s launch in April 2009.
Source Moneywise http://ift.tt/2coFTZU
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