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.
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