ComCom case against Harmoney centres on household loans
The court case demonstrates the decreasing viability of certain peer-to-peer lending.
The Commerce Commission has doubled down on its stance that New Zealand’s first peer-to-peer lender should be considered a creditor rather than Harmoney’s claims it should instead be treated as a “broker” in arranging loans.
The company, first licensed as a peer-to-peer lender in New
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