Wonga to pay £2.6m in compensation

%VIRTUAL-SkimlinksPromo%Payday lender Wonga must pay £2.6 million in compensation after chasing struggling customers with fake legal letters in order to pressurise them into paying up.

The firm, which is the UK's biggest payday lender, sent correspondence to about 45,000 customers in arrears from non-existent law firms threatening legal action, the Financial Conduct Authority (FCA) said.