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Church of England's Lending Mission

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Church of England's Lending Mission
AIRED:
The Church of England is on a mission. And not the one you might be thinking. It's making an increasingly vocal stand on the need for responsible practice in the payday lending industry, which has been criticised for trapping borrowers in a cycle of debt. The church would like to put lenders like Wonga out of business. But now the church had to make the embarrassing admission that its pension fund invests in Accel Partners, one of the firms that led fundraising in 2009 for Wonga.moreless
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