(Reuters) - British subprime lender Morses Club said on Friday it was on a materially loss-making spree, as it was still in talks with regulators on how to deal with a surge in customer complaints against its doorstep-lending unit.
The company, which has paused the processing of all new claims since Aug. 11, said it had seen a drop in lending volumes and customer numbers in both its home credit and digital divisions in the half year ended Aug. 27.