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Multitude SE controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2023

    Ferratum Australia liquidation

    Ferratum Australia shareholders voted to enter liquidation on 4 April 2023, following the regulatory concerns reported in the Australian market.

  2. 2021

    Australian fee and early-repayment allegations

    ASIC stated that Ferratum Australia had charged illegal fees and had overcharged certain customers who repaid loans early.

  3. 2020

    New Zealand lender-responsibility settlement

    Multitude settled a New Zealand claim concerning alleged breaches of lender-responsibility principles. The settlement provided NZ$88,173 in borrowing-cost distributions to 46 customers.