Moldova’s National Commission for Financial Markets reported decisions adopted on Oct. 27, 2026, requiring nonbank lender MOGO LOANS to issue refunds and review its loan portfolio following findings of legal breaches and unfair terms in 24 consumer credit contracts. A separate decision registered an additional share issue by LUCEAFĂRUL-SERVICE.
The credit findings followed the examination of consumer complaints. Breaches concerned inadequate disclosure of borrowing costs, provisions allowing unilateral changes to interest rates and other charges, and fees for ancillary services. Contractual conditions governing early repayment, withdrawal and termination also failed to comply with legal requirements. Some contracts exceeded statutory limits on the total cost of credit. The corrective measures require refunds of amounts exceeding the principal disbursed and a portfolio review to identify and remedy similar violations. The commission will also ask a court to declare unlawful and unfair contractual clauses void.
For LUCEAFĂRUL-SERVICE, the commission registered the results of a cash-funded issue of 400,420 ordinary registered shares totaling MDL 4,004,200. The increase will bring the company’s share capital to MDL 11,083,200.