Payday lender cancels over $350 million in debt

The biggest payday lender in the U.K., under fire from regulators, says it is changing its ways: As a first step, it has forgiven over $350 million worth of consumer debt. Wonga will walk away from the debts and interest payments for roughly 330,000 customers who were getting behind on repaying t…

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Payday lender cancels over $350 million in debt

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