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26/07/2013
Church Of England Investment Funds Used For Wonga
It has been revealed that the Church of England invest indirectly in online loan company Wonga.
It follows the news yesterday the Archbishop of Canterbury had set out a battle plan to try and force Wonga out of business.
The Most Reverend Justin Welby had yesterday announced that the Church would expand credit union services as an alternative to loan firms.
Archbishop Welby was quoted in Total Politics magazine as saying: "I've met the head of Wonga, and we had a very good conversation.
"I said to him quite bluntly that 'we're not in the business of trying to legislate you out of existence; we're trying to compete you out of existence'."
However the CoE later announced the it invested in funds that provided money for Wonga.
Speaking to BBC Radio 4's Today programme Archbishop Welby said today: "It shouldn't happen, it's very embarrassing, but these things do happen and we have to find out why and make sure it doesn't happen again."
(MH/CD)
It follows the news yesterday the Archbishop of Canterbury had set out a battle plan to try and force Wonga out of business.
The Most Reverend Justin Welby had yesterday announced that the Church would expand credit union services as an alternative to loan firms.
Archbishop Welby was quoted in Total Politics magazine as saying: "I've met the head of Wonga, and we had a very good conversation.
"I said to him quite bluntly that 'we're not in the business of trying to legislate you out of existence; we're trying to compete you out of existence'."
However the CoE later announced the it invested in funds that provided money for Wonga.
Speaking to BBC Radio 4's Today programme Archbishop Welby said today: "It shouldn't happen, it's very embarrassing, but these things do happen and we have to find out why and make sure it doesn't happen again."
(MH/CD)
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25 July 2013
Church Of England Go Into Business Against Wonga
The Church of England is set to go to battle with online payday loan company Wonga. The Archbishop of Canterbury, Most Reverend Justin Welby, has announced a plan for the CoE to expand credit unions as an alternative to payday loan vendors.
Church Of England Go Into Business Against Wonga
The Church of England is set to go to battle with online payday loan company Wonga. The Archbishop of Canterbury, Most Reverend Justin Welby, has announced a plan for the CoE to expand credit unions as an alternative to payday loan vendors.
09 November 2012
Justin Welby Named New Archbishop of Canterbury
Bishop of Durham Justin Welby has officially been named as the next Archbishop of Canterbury. Welby, 56, will take on the Church of England's most senior post at a ceremony at Canterbury Cathedral on 21 March 2013. He only became a bishop a year ago when he took up the fourth most senior post in the Church of England.
Justin Welby Named New Archbishop of Canterbury
Bishop of Durham Justin Welby has officially been named as the next Archbishop of Canterbury. Welby, 56, will take on the Church of England's most senior post at a ceremony at Canterbury Cathedral on 21 March 2013. He only became a bishop a year ago when he took up the fourth most senior post in the Church of England.
08 November 2012
Justin Welby Set To Become New Archbishop of Canterbury
Bishop of Durham Justin Welby is set to be the next Archbishop of Canterbury, according to reports. Welby, 56, only became a bishop a year ago when he took up the fourth most senior post in the Church of England.
Justin Welby Set To Become New Archbishop of Canterbury
Bishop of Durham Justin Welby is set to be the next Archbishop of Canterbury, according to reports. Welby, 56, only became a bishop a year ago when he took up the fourth most senior post in the Church of England.
19 November 2012
CoE To Vote On Women Bishops
The General Synod of the Church of England will meet this week to vote on whether to allow women to become bishops.
CoE To Vote On Women Bishops
The General Synod of the Church of England will meet this week to vote on whether to allow women to become bishops.
08 October 2014
ASA Ban Wonga Advert
A television advert by payday loan company Wonga has been banned by the Advertising Standards Authority (ASA). It is understood that the Citizens Advice Bureau lodged a complaint over the ad, claiming that it breached regulations by not revealing the loan's interest rate.
ASA Ban Wonga Advert
A television advert by payday loan company Wonga has been banned by the Advertising Standards Authority (ASA). It is understood that the Citizens Advice Bureau lodged a complaint over the ad, claiming that it breached regulations by not revealing the loan's interest rate.
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