In July 2013 you were asked to pray for measures to be taken to end Wonga-style loans, after the Archbishop of Canterbury boldly stated he would tackle the scourge of high-cost payday lending and work towards expanding credit unions. On 30 August Wonga, the payday lender with extortionate interest rates, collapsed into administration after it was brought down by a welter of compensation claims. On 1 September the Guardian reported, ‘Credit unions on the rise’. Credit unions, not-for-profit cooperatives, are owned and controlled by their members and traditionally specialise in loans and savings for the less well-off. In a credit union, members pay in small sums to their account and can then access loans. Justin Welby’s prophetic statement that he would ‘compete’ Wonga out of existence appears to becoming a reality as loansharking is shrinking. See