Moola admits responsible lender failures
Moola’s loans had annualised interest rates of up to 547.5%.
Hamish McNicol
Wed, 06 Oct 2021
High-cost payday lender Moola will refund interest and fees paid by 50 borrowers who were provided loans with annualised interest rates of up to 547.5%, following a settlement with the Commerce Commission.
In mid-2019, the commission filed legal action against Moola alleging it breached its
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Hamish McNicol
Wed, 06 Oct 2021
Contact the Writer: Hmcnicol@nbr.co.nz
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Moola admits responsible lender failures
Law,
89196