Harmoney Limited

The Auckland High Court has made declaratory orders that peer-to-peer lenders Harmoney Limited and Harmoney Investor Trustee Limited (together, Harmoney) contravened section 41 of the CCCFA by charging unreasonable establishment fees. Harmoney consented to the Commission seeking those declaratory orders following a settlement between the parties. As part of the settlement, Harmoney also agreed to repay $7m to approximately 37,000 borrowers it over-charged on loans entered into between 26 August 2014 and 25 August 2021.
  • 14 Sep 2021
  • 26 Aug 2021

    COMPLETED

    Signed enforceable undertakings and settlement agreement

    See documents

  • 08 Jul 2020

    COMPLETED

    Appeal of case stated – Court of Appeal Judgment

    See documents

  • 18 May 2018
  • 03 Oct 2017

    COMPLETED

    Harmoney's second application to strike out case stated – High Court Judgment

    See documents

  • 31 May 2017

    COMPLETED

    Harmoney's application to strike out case stated – High Court Judgment

    See documents