Court finds used car financier Rent 2 Own Cars Australia acted illegally in providing high cost credit to consumers
The Federal Court of Australia has found that Rent 2 Own Cars Australia Pty Ltd (R2O Cars) failed to comply with the National Consumer Credit Protection Act 2009, including by charging some consumers an interest rate of more than 48% per annum when purchasing used cars. R2O Cars provided credit for the purchase of used …
