Capitec Bank is facing legal action for alleged reckless lending with regard to their short-term credit facilities. Summit Financial Partners filed papers in the Stellenbosch magistrate’s […]
Credit Access and Affordability Amendments made to the National Credit Act (NCA) in March this year will come into force on Sunday, 13th September 2015 – […]
South African middle-income groups should brace themselves for an impending economic catastrophe that would leave pervasive suffering and possibly even destabilisation in its wake. Though economics may […]
Social Grants as Collateral Last year, the National Credit Regulator (NCR) referred Moneyline Financial Services to the National Consumer Tribunal for reckless lending. The Regulator discovered […]
Judgement Day for Unlawful EAOs A week after Judge Siraj Desai ruled in favour of 15 consumers represented by the Stellenbosch Legal Aid Clinic in the High Court, the National […]
What is an Emolument Attachment/ ‘Garnishee’ Order? When a debtor falls into arrears or defaults on debt payments, credit providers often appoint debt collectors to serve […]