Wonga writes off 330,000 customers' debts
Wonga will write off the debts of 330,000 customers, worth £220m, after the FCA found flaws in its system for assessing the ability of borrowers to pay back their debts.
The FCA said Wonga has entered into a voluntary agreement with the regulator that requires it "to make significant changes to its business immediately". Customers whose loans do not meet the company's...
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