Payday Lender loses interim permission and Director is banned

15th July 2016

The Financial Conduct Authority (FCA) published a Decision Notice issued to Andrew Barry Hart, Director of Wage Payment and Payday Loans Limited (WPPL). The FCA has decided to prohibit Mr Hart from performing any role in regulated financial services and has decided to cancel WPPL’s interim permission.

WPPL is a consumer credit firm that provides payday loans (high-cost short-term credit) under the trading names ‘Payday Overdraft’, ‘Wagepayday’ and ‘Doshloans’. Hart is the sole Director of the company.