By Kevin Peach ey Personal finance reporter
Payday loan provider money Genie faces a 20m payment bill after charging you clients 50 to move them towards the company’s commercial collection agency business.
This is certainly one of a number of “unfair” fees and interest levies imposed because of the company after it established during 2009, the Financial Conduct Authority (FCA) said.
Money Genie has agreed using the regulator to pay for compensation to over 92,000 clients. (mais…)