Wonga profits halve as tougher regulations hit – Telegraph

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Wonga profits halve as tougher regulations hit – Telegraph

30th September 2014, 10:40:AM

Controversial payday loan firm Wonga has posted profits of £39.7m for 2013, down 53pc from £84.5m the previous year, after being hit by £19m worth of “remediation costs” from systems issues and growing its overseas business. Wonga, which has been criticised by MPs for charging interest rates of over 5,800pc, said it expected to “be […]

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Wonga profits halve as tougher regulations hit – Telegraph

Wonga profits halve as tougher regulations hit – Telegraph

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