Wonga makes loss as new pay day loan environment took its cost. Up against brand brand new costs that are regulatory.

Wonga makes loss as new pay day loan environment took its cost. Up against brand brand new costs that are regulatory.

Up against brand brand new regulatory expenses, the UK??™s most widely known payday loan provider, Wonga, has established so it produced pre-tax lack of ??37.3 million in 2014. This even compares to a profit that is pre-tax of million in 2013, plus the company is predicting it’s going to again lose cash in 2015. The company dropped foul of this consumer that is new regulator, the Financial Conduct Authority (FCA), on two occasions in 2014. Continue reading Wonga makes loss as new pay day loan environment took its cost. Up against brand brand new costs that are regulatory.