20th October 2014 | Posted by Katie Deadman
Demand for risk and compliance specialists within the payday loans market is set to continue to rocket in the next six months, after Wonga was forced to write off £220 million worth of debt.
Senior level instructions in the debt market have already risen considerably by 30 per cent compared to the same period last year, with recruitment experts predicting another possible 30 per cent jump. The Financial Conduct Authority’s (FCA) crackdown is expected to act as a warning signal to other providers that could be forced to forgive hundreds of millions of pounds of loans they made to customers who could not afford the repayments.
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