Predatory credit providers could be in for trouble‚ as the Department of Trade and Industry (DTI) is preparing to give the National Credit Regulator (NCR) power […]
Since the government announced that it would be capping maximum loan interest rates and fees six months ago, unsecured credit jumped by nearly 30%. This may […]
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 […]
Clive Pillay, the Ombudsman for Banking Services and Nicky Lala-Mohan, the Credit Ombud have taken a stand against reckless lending. Consequently, many consumers are having their […]