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Moola goes into liquidation, holding company in receivership

High-cost payday lender Moola has run afoul of the regulator many times.

Before a law change in June 2020 which capped daily rates, Moola was charging annual interest as high as 620%.

Controversial payday lender Moola has gone into liquidation, after its parent company was placed into receivership.

Thomas Rodewald from Rodewald Consulting was appointed as receiver of NZ Fintech Group Holdings, following an application from its secured creditor, US-based Partners for Growth

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Contact the Writer: nicholas@nbr.co.nz
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Moola goes into liquidation, holding company in receivership
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