The news that Wonga have gone into administration will be a cause for rejoicing across the country. Not least in Lambeth Palace, as Justin Welby, Archbishop of Canterbury must be able to take some of the credit for the collapse, His high profile intervention precipitated the beginning of the end for the notorious payday lenders, heralding a catalogue of investigations into inadequate procedures of assessing affordability and unethical debt recovery topped off with government legislation capping extortionate interest rates. READ MORE>>> https://cmcu.org.uk/blog/so-long-wonga-you-wont-be-missed
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Churches Mutual Credit Union Ltd. is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Reference number 654709. Member of Association of British Credit Unions Limited. © CMCU 2015.
CMCU is currently a credit union for: The Church of England, the Church of Scotland, the Church in Wales, the Methodist Church of Great Britain, the Scottish Episcopal Church, the United Reformed Church. and the Catholic Church in England & Wales and in Scotland.