Payday loan provider money Genie to cover 20m payment

Payday loan provider money Genie to cover 20m payment

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 into the company’s company debt collectors business.

It was certainly one of a variety of “unfair” charges and interest levies imposed by the company after it established last year, the Financial Conduct Authority (FCA) stated.