Payday Lender news and trends

CFPB, Payday Lender Cash Express Settle Lawsuit
CFPB // October 25, 2018

The Consumer Financial Protection Bureau (CFPB) has announced a settlement with payday lender Cash Express, which will pay approximately $32,000 in restitution to consumers, as well as a $200,000 civil money penalty for violating the Consumer Financial Protection Act (CFPA). Based in Tennessee, Cash Express...

Wonga Goes Belly-Up
International // August 31, 2018

The U.K.’s largest payday lender is shutting down after a surge in complaints from former customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

Wonga Stops Taking New Loan Applications
Loans // August 30, 2018

Wonga, the U.K.-based payday lender, has halted accepting new loan applications. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...

Data Breach Hits UK Payday Loan Firm Wonga
Security & Fraud // April 11, 2017

Payday lender Wonga issued a warning to its customers in the wake of a massive data breach. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

Quick Reads
UK Payday Lender QuickQuid Expected To Shutter By Year-End

October 25, 2019
The U.K.’s largest payday lender QuickQuid is expected to close its doors by the end of the year, The Financial Times (FT) reported on Thursday (Oct. 24).  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our […]

CFPB, Payday Lender Cash Express Settle Lawsuit

October 25, 2018
The Consumer Financial Protection Bureau (CFPB) has announced a settlement with payday lender Cash Express, which will pay approximately $32,000 in restitution to consumers, as well as a $200,000 civil...

Wonga Goes Belly-Up

August 31, 2018
The U.K.’s largest payday lender is shutting down after a surge in complaints from former customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Wonga Stops Taking New Loan Applications

August 30, 2018
Wonga, the U.K.-based payday lender, has halted accepting new loan applications. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...