Compensation firms said to be looking for next big earner after PPI claims expire

Compensation claims management firms looking for the next big earner after the PPI scandal have been accused of bombarding the much-criticised payday lending sector with complaints that are often spurious and sometimes without the knowledge of borrowers.

In some cases the claims could breach strict data protection laws, while success fees charged by the claims companies threaten to add to the financial pressure on people who used payday loans.

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