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Payday loan provider money Genie to cover 20m payment

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Payday loan provider money Genie to cover 20m payment

By Kevin Peach ey Personal finance reporter

Payday loan provider money Genie faces a compensation that is 20m after recharging clients 50 to move them into the company’s commercial collection agency business.

This is certainly one of a few “unfair” costs and interest levies imposed because of the company after it established last year, the Financial Conduct Authority (FCA) stated.Read More »Payday loan provider money Genie to cover 20m payment