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PAYDAY LOAN COMPANY Wonga is to close its Dublin office. 0px;" src="http://www.thejournal.ie/http://www.thejournal.ie/wonga-restructuring-to-close-dublin-office-1958435.
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Wonga announced today it would make a third of its total workforce redundant after it was forced to cap its interest.
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This is in sharp contrast to developed economies, where traditional banks and institutions have a broad presence, and the majority of consumers are able to get loans or purchase insurance. which took place in Cape Town, South Africa.
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Simon Polito, chair of the CMA’s Payday Lending Investigation Group, warned that “We expect that millions of customers will continue to rely on payday loans. of its 950 workers in London, Dublin, Cape Town and Tel Aviv. It is closing.
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Cape Town and Tel Aviv, eventually leaving Wonga with a UK-related workforce of around 325 people. At present none of the major price comparison websites have an option to compare payday loans. In their evidence to the CMA, many.
Federal regulators recently announced they would reconsider rules requiring payday lenders to make sure potential borrowers can pay back loans. And a law passed late last year will make it harder for consumers to join together to.
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The regulator said it expected a large number of payday loan operators to exit the market as a result. affecting offices in London, Dublin, Cape Town and Tel Aviv. Wonga said that it would expect a loss in 2015, but launch new.
Three months later, a friend offered a $20,000 (Shs50m) loan. This enabled the indebted company to cover. the business got a deal from Airtel to provide travel packages to take 15 people to Cape Town to watch the CHAN.
Wonga’s founder trousered almost £1million last year despite the firm lending to thousands of people who could not.
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The Alberta government is changing its rules on payday loans. Bill 15, An Act to End Predatory Lending was introduced today in the legislature. Courtney Hare is the Public Policy Manager with Momentum, an anti-poverty advocacy group.
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These are external links and will open in a new window Payday lender Wonga says it will cut 325 jobs – over a third of its staff. Wonga says 325 posts are set to go in teams that support the UK business, affecting offices in London, Dublin,
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