Payday loan provider money Genie to cover 20m settlement

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By Kevin Peach ey Personal finance reporter Payday loan provider money Genie faces a compensation that is 20m after recharging clients 50 to move them towards the firm’s company collection agencies business. It was certainly one of a group of “unfair” charges and interest levies imposed by the company after it established during 2009, the Financial Conduct Authority (FCA) stated. …