Payday lender Dollar to provide £15.4 million redress to over 147,000 customers

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Payday lender Dollar to provide £15.4 million redress to over 147,000 customers

26th October 2015, 11:40:AM

Dollar Financial UK (Dollar), trading as The Money Shop, Payday UK, Payday Express and Ladder Loans has agreed with the Financial Conduct Authority (FCA) to refund over £15.4 million to 147,000 customers, who may have suffered detriment as a result of the firm’s affordability checks, debt collection practices and systems errors.

http://www.fca.org.uk/news/payday-le...illion-redress

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Payday lender Dollar to provide £15.4 million redress to over 147,000 customers