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13 Apr 2021 13:16
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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


    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.

    © 2021 Newstalk ZB, NZCity


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     Today's News

    Law and Order:
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    Accident and Emergency:
    An oil spill stretching 5 kilometres from Gibbston Valley through to Lake Hayes has caused chaos on roads near Queenstown 13:07

    Business:
    Fruit growers don't want a repeat of the season they're currently having 13:07

    Motoring:
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    Law and Order:
    Three Auckland bus trips have been added to the list of places visited by a man with Covid-19 - while infectious 13:07

    Accident and Emergency:
    A young person has been taken to hospital with critical injuries after being hit by a car in Tauranga 13:07

    Health & Safety:
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    Wellington:
    State Highway Two in Upper Hutt is closed after a person's been seriously injured in a crash between a car and motorbike 13:07

    Law and Order:
    A Wellington man has been convicted of raping a woman - after he removed a condom during sex without consent 13:07

    Law and Order:
    Photographs taken at a Police checkpoint in Northland in 2019 have been found to be unlawful 12:57


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