Car logbook loans provider Mogo Auto Limited has been fined Sh10.85 million by the Competition Authority of Kenya (CAK) and ordered to refund more than Sh340,000 to three customers following investigations into false and misleading credit payment terms.
The firm was ordered to refund Sh344,939 to the three customers, the excess amounts they were charged when repaying their loans and the difference in the dollar exchange rate applied during the loan issuance.
