Coroner calls for new rules after teenager 'killed himself after Wonga cleaned out his bank account'
A disabled teenager from Greater Manchester took his own life on the same day pay-day loans company Wonga emptied his bank account, a coroner’s report has said.
Kane Sparham-Price, 18, from Ashton-under-Lyne, was left "destitute" after Wonga withdrew the cash under a lawful debt agreement.
Now the South Manchester coroner, John Pollard, has written to the Financial Conduct Authority, the industry regulator, asking for a change in the rules.
He's called for a "minimum amount" to be left in the accounts of those affected.
Stefan Williams is thought to have been the last person to have been in contact with Kane.
Mr Williams believes the debt issues had a big impact on his friend.
There’s no suggestion Wonga acted unlawfully or was aware their actions left the teenager penniless.
Wonga said it takes its responsibilities to its customers "very seriously".