Registration of Marikana credit firm cancelled

2013-11-01 17:03

The registration of a credit provider operating at Marikana, North West, has been cancelled for reckless lending and contravening the National Credit Act, the National Credit Regulator (NCR) has said.

“The tribunal ordered the cancellation of the credit provider with immediate effect and that the credit provider refund consumers all interest monies charged in excess of the prescribed maximum rate,” the NCR said.

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