Photographer: Ulrich Baumgarten/U. Baumgarten via Getty Images

Payday Lender Ordered to Repay Customers $44 Million by U.K. FCA

  • CFO Lending treated customers unfairly and must repay: FCA
  • More than 97,000 customers stand to benefit from redress

CFO Lending Ltd, a U.K. payday lender, must give back 34 million pounds ($44.4 million) to more than 97,000 customers because of unfair practices, including failing to assess the affordability of loans for clients, according to the U.K. markets regulator.

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