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British Pay Day Lender Used ‘Fake Lawyers’, Says Report

“Fake Lawyers Used by UK Payday Lender to Chase Debt” is the headline on a recent Claims Journal article, which begins by stating that “Regulators have ordered Britain’s biggest payday lender to pay 2.6 million pounds ($4.4 million) in compensation to tends of thousands of people for unfair debt collection practices.”

Such practices included sending letters “from non-existent law firms to customers in arrears, threatening legal action if they did not pay their debts” and, sometimes charging customers “for administration fees for sending the letters.”

The full story is available here.