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65103

registered interest
date	01/07/2014
answering body	Attorney General
answering dept id	88
answering dept short name	Attorney General
answering dept sort name	Attorney General
hansard heading	Wonga
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Attorney General, what consideration the Serious Fraud Office has given to investigating Wonga, for fraud by false representation under section 2 of the Fraud Act 2006.
tabling member constituency	Islington South and Finsbury
tabling member printed	Emily Thornberry
uin	203476
answer	answer is ministerial correction date of answer 07/07/2014 answer text <p>The Serious Fraud Office is aware that City of London Police are reviewing whether a criminal investigation is now appropriate.</p><p> </p> answering member constituency Beaconsfield answering member printed Mr Dominic Grieve question first answered 07/07/2014 15:36:56 answering member 16 label Biography information for Mr Dominic Grieve
tabling member	1536 label Biography information for Emily Thornberry

65104

registered interest
date	01/07/2014
answering body	Attorney General
answering dept id	88
answering dept short name	Attorney General
answering dept sort name	Attorney General
hansard heading	Wonga
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Attorney General, whether the Crown Prosecution Service has been contacted for investigative advice by any police force in England and Wales with regard to the possible criminal liability following the findings by the Financial Conduct Authority that Wonga has been threatening debtors with letters from fake law firms.
tabling member constituency	Islington South and Finsbury
tabling member printed	Emily Thornberry
uin	203477
answer	answer is ministerial correction date of answer 07/07/2014 answer text <p>The Crown Prosecution Service (CPS) has not yet been approached for investigative advice, by any police force, in respect of possible criminal matters arising from the Financial Conduct Authority investigation of Wonga.</p><p>Following the announcement that Wonga would pay £2.6 million in compensation, after sending letters from non-existent law firms to customers in arrears, the CPS Deputy Head of the Specialist Fraud Division contacted the City of London Police, on the 26 June 2014, to enquire whether this matter was being criminally investigated.</p><p>City of London Police are the national police lead for serious fraud investigations. They are currently assessing whether the case merits a criminal investigation and have confirmed that they will refer any request for advice to the CPS Specialist Fraud Division.</p> answering member constituency Beaconsfield answering member printed Mr Dominic Grieve question first answered 07/07/2014 15:39:04 answering member 16 label Biography information for Mr Dominic Grieve
tabling member	1536 label Biography information for Emily Thornberry

65105

registered interest
date	01/07/2014
answering body	Attorney General
answering dept id	88
answering dept short name	Attorney General
answering dept sort name	Attorney General
hansard heading	Wonga
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Attorney General, what discussions have taken place between the Financial Conduct Authority and the Serious Fraud Office on the recent finding by that regulator that Wonga sent letters to debtors from non-existent solicitors demanding payment.
tabling member constituency	Islington South and Finsbury
tabling member printed	Emily Thornberry
uin	203475
answer	answer is ministerial correction date of answer 07/07/2014 answer text <p>The Serious Fraud Office (SFO) has no records of any discussion with the Financial Conduct Authority (FCA) in regard to this matter.</p><p>Press statements have been issued by both the FCA and the City of London Police concerning Wonga and their agreement to pay compensation.</p><p>If the SFO is approached by any law enforcement or regulatory bodies then any relevant matters will be considered for criminal investigation in line with the SFO's remit to investigate fraud, bribery and corruption.</p><p> </p> answering member constituency Beaconsfield answering member printed Mr Dominic Grieve question first answered 07/07/2014 15:41:32 answering member 16 label Biography information for Mr Dominic Grieve
tabling member	1536 label Biography information for Emily Thornberry

64274

registered interest
date	26/06/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Wonga
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what requirement will be placed on Wonga to track down the address of each customer due financial compensation for unfair and misleading debt collection practices.
tabling member constituency	Newport West
tabling member printed	Paul Flynn
uin	202726
answer	answer is ministerial correction date of answer 03/07/2014 answer text <p>The Government has fundamentally reformed regulation of the consumer credit market. The transfer of regulatory responsibility for consumer credit from the Office of Fair Trading (OFT) to the Financial Conduct Authority (FCA) took effect in April. The FCA has stronger powers and is far better equipped to protect consumers than the OFT.</p><p> </p><p>Wonga has voluntarily agreed to pay compensation totaling more than £2.6m to around 45,000 customers in relation to unfair debt collection practices between 2008 and 2010. The requirement agreed by Wonga is available at <a href="http://www.fca.org.uk/your-fca/documents/requirement-notices/wonga-group-limited-vreq" target="_blank">http://www.fca.org.uk/your-fca/documents/requirement-notices/wonga-group-limited-vreq</a>. Had Wonga not agreed, the FCA could have used its powers to impose requirements. Wonga will appoint a skilled person (as specified under section 166 of the Financial Services and Markets Act 2000) to ensure that affected customers receive appropriate compensation.</p><p> </p><p>More generally, the Government has ensured that the FCA has inherited the OFT's powers (both criminal and regulatory) in relation to misconduct which occurred before 1 April 2014, as well as considerably strengthening the FCA's powers in relation to misconduct which occurs under the new regulatory regime.</p><p> </p><p>The FCA has the same powers as the OFT had to investigate and prosecute offences under the Consumer Credit Act 1974.</p><p> </p><p> </p><p>The FCA has also inherited the OFT's power to fine, although the OFT's power to fine under the Consumer Credit Act was limited to fining a firm for breaches of a requirement imposed by the OFT (and the maximum penalty in this regard was £50,000). The Government has already strengthened the new regime by giving the FCA the ability to impose unlimited fines for breaches of regulatory requirements that take place after 1 April 2014.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 202688 202724 202725 question first answered 03/07/2014 15:49:59 answering member 4117 label Biography information for Andrea Leadsom
tabling member	545 label Biography information for Paul Flynn