Payday lender suffers slump in revenues as City watchdog imposes tougher regulationsWonga’s losses are expected to almost double after a slump in revenues at the payday lender following price caps imposed by the City regulator.
The results,due to be announced on Wednesday, appear to raise questions approximately the success of the company’s attempts to reinvent itself in the tougher regulatory environment, or as it tries to shrug off past controversies over its commerce practices. Continue reading...
Source: theguardian.com