Online lender Moola to pay back almost $3 million to borrowers over unreasonable fees
(WorldNews New Zealand)

Online lender Moola will be paying back $2.8 million to current and former borrowers after a Commerce Commission investigation into its fees. Source: 1 NEWS The high cost short term lender has agreed to a settlement with the commission where it is required to credit or refund customers. Before the introduction of a daily rate of charge cap in June last year, Moola offered loans with interest rates as high as 620.5...