Commerce Commission takes appropriate action against payday lender Moola for so-called breaches associated with the CCCFA, seeks injunction to stop lending that is new.
Moola to protect the claim The Commerce Commission is placed to commence appropriate action in the High Court against payday lender Moola. The payment alleges that NZ Fintech Limited (trading as Moola) has breached the lending company obligation concepts within the Credit Contracts and customer Finance Act 2003 (CCCFA).