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Oct 6, 2017 Other than perhaps the very largest players in the game, most loan lenders can't soak that kind of volume loss, since payday lending (contrary to public opinion) is not a high-margin business to start with. The average storefront lender clears about $37,000 in profit – and under the new regulations, that 

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Apr 22, 2015 Wonga has put in a "good application", according to its chairman, who pointed to the strengthening of its lending criteria and introduction of the new price cap. Asked if it is still possible to run a profitable payday loan business under the new industry regime, he says it is, but his company is suffering from