The following has been reproduced with kind permission from Jeffrey Robinson In the weeks following the release of “Secrecy for Sale” – the eBook version of the International Consortium of Investigative Journalists’ (ICIJ) brilliant look at tax evasion and the role of the offshore world – the Internet, Facebook and Twitter (especially Twitter) went semi-hysterical with…
So here is an interesting story about Wonga. There is a web site called This Is Money that seems to be part of The Daily Mail (yuck! – Ed) so obviously anyone that lends money is a criminal. There are some interesting points but it doesn’t show how easily fraudsters can get access to peoples’ personal information so that…
Source: OFT, 9th August 2012 The Office of Fair Trading (OFT) has imposed a £544,505 financial penalty on the online payday lender MCO Capital Limited (MCO) for breaching the Money Laundering Regulations 2007, including its failure to adequately verify the identities of loan applicants. The OFT has also revoked MCO’s consumer credit licence. Be…
Source: BBC News, 22nd May 2012 High-profile money lending firm Wonga has been criticised by the Office of Fair Trading for using aggressive and misleading debt collection methods. Wonga staff had tried to collect some debts by suggesting the defaulting customers had committed fraud and might be reported to the police, it said… Be Sociable,…
