Moola pinged for cartel behaviour

The High Court granted declarations sought by the Commerce Commission that this was being done.

The Commission says Moola reached agreements with other consumer credit or loan providers to restrict access to each others material via keywords used on Google Ads.

Commission chair Anna Rawlings says this conduct meant that consumers searching for a consumer credit provider on Google may not see ads for other loan providers.

This limited their access to information about alternative companies and services, and is likely to have reduced the ability of consumers to make informed choices when selecting a loan provider.