GeMapTwitterWONGA

Wonga losses double in 2015

The UK's biggest payday lender - Wonga - saw its losses double last year as tougher regulation in the industry continued to bite.

The company, along with other payday lenders, faces tougher rules from the regulator, the Financial Conduct Authority (FCA), which has ruled that customers must go through stricter affordability checks.

Read BBC report on this significant development.