RE: GC20 Aug 2020 21:28
From todays this is money gives some good background info
'James Benamor, Amigo's founder and majority owner, who is currently locked in row over attempts to oust the lender's board, in March accused the lender of 'refunding almost all complaints received' since 2019, but continuing 'to lend on a virtually unaltered basis, hoping no one would notice.' By the end of 2019, he said, 'Amigo had, for six months, been lending almost entirely in a way that matched their own complaints team's definition of "irresponsible".'
He said the company was 'committing slow motion suicide' and 'must immediately cease lending, collect in the book, pay down debt, and proceed directly to judicial review.'