Church plans to 'compete' Wonga out of business Full Story here: Code: http://www.bbc.co.uk/news/business-23433955 The Archbishop of Canterbury has warned the online lender Wonga that the Church of England plans to force it out of business - by competing against it. The Most Rev Justin Welby told Wonga boss Errol Damelin the Church planned to do this by expanding credit unions as an alternative to payday lenders. Wonga hit the headlines this month when Newcastle United footballer Papiss Cisse refused to wear the team's Wonga-branded strip. I personally think that this is a good community step, although to be honest, many will no doubt argue that the Church should concentrate on increasing their congregation and engaging with them at a spirtual level, but I believe that this is a bold and practical way for the Church to help people who are struggling. What do you think? How are blackhatters going to monitize this?