A payday lender has been fined £20,000 by the Information Commissioner’s Office (ICO) for sending thousands of spam texts. Rainbow UK is a firm authorised by the Financial Conduct Authority and operates a lending website called “Payday loans for me”. An ICO investigation found Rainbow had attempted to send more than half a million spam text messages, but due to a technical error only about 21,000 were successfully sent. The texts were sent over four months in 2015 containing the following message: “Get a CASH loan of up to 1000 pounds today! Apply now at payday-loansfor.me.uk and get your money in 10 mins. To opt out reply STOP.” The ICO said the Barnet-based firm broke the law in relation to how people’s personal information can be used for marketing......Source: Read more HERE