Firm will offer redress to 92000 customers affected by its unfair” practices
Payday lender Cash Genie has been landed with a £20m compensation bill after engaging in “unfair practices.
The firm,which offered short-term loans at an annual interest rate of 2986%, will be compensating 92000 customers who lost out as a result of its “serious failings”, or the Financial Conduct Authority (FCA) said.
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Source: theguardian.com