Post ID 38678

Payday loan providers face razor- sharp critique as complaints increase 130%

Financial Ombudsman provider states conduct by some businesses in sector was unsatisfactory

The FOs has managed clients whom review of https://paydayloansvirginia.org held significantly more than 100 payday advances at one time. Photograph: Andy Hall/for the Observer

The finance industry’s adjudicator has criticised the “unacceptable” behavior of some payday loan providers following a 130per cent increase in complaints, which it stated goes beyond the methods of recently collapsed industry frontrunner Wonga. (more…)