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29 Mar 2024 8:37
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  •   Home > News > Business

    Moola has to pay back customers after a Commerce Commission investigation into historical fees

    Moola has to pay back customers after a Commerce Commission investigation into historical fees

    3 March 2021
    The Commission found the payday lender likely charged unreasonable credit and default fees between 2016 and 2017.

    The company overcharged establishment fees by up to 345-dollars.

    Commission chair Anna Rawlings says the lender agreed to a 2.8 million dollar settlement -- and will repay overcharged customers.

    She says customers may receive a refund, sums may be written off and others won't be charged other fees.

    © 2024 Newstalk ZB, NZCity


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     Today's News

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