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Payday lender admits irresponsible lending, repays costs

ComCom settled with Ferratum, a Finnish-owned, Frankfurt-listed finance company.

Andrew Bevin Tue, 30 Jun 2020

High-cost lender Ferratum has admitted breaching responsible lending provisions and has settled with the Commerce Commission.

Ferratum also trades as Just Cash and Simple Cash and is owned by The Ferratum Group, a company registered in Finland and listed on the Frankfurt stock exchange.

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Andrew Bevin Tue, 30 Jun 2020
Contact the Writer: andrew@nbr.co.nz
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Payday lender admits irresponsible lending, repays costs
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