Lawmakers are investigating allegations of excessive interest, exploitative loan terms and questionable repossessions as borrowers lodge 110 complaints against the asset-financing and digital-lending company.

Mogo, an asset-financing and digital-lending company, is facing parliamentary scrutiny over 110 complaints alleging predatory lending, excessive interest charges and questionable debt-recovery practices.

The company is scheduled to appear before the National Assembly’s Departmental Committee on Finance and National Planning on November 5 to respond to the allegations. The inquiry was postponed after Mogo failed to attend an earlier session this month, requesting more time to prepare its response.

The committee has warned that it could summon the company if it fails to honour the new invitation as lawmakers investigate complaints about excessive interest, inadequate disclosure of loan terms and questionable repossession practices.