A pawnbroker is preparing to set aside £18 million in compensation for customers who were sold loans they could not afford to repay.
The move comes as the Money Shop prepares to wind itself up after struggling with an unprecedented number of customer complaints and poor financial performance.
The Money Shop, which is owned by Instant Cash Loans, is understood be in talks with the Financial Conduct Authority about setting up a fund for complainants, according to Sky News.
