ARTICLES RELATING TO NATIONAL CREDIT ACT

Want credit? A new court ruling says you may not need to provide payslips or bank statements any more

2018-03-21 09:32

The ruling comes amid increased concern about South African mounting credit and store card debt.

Consumer Goods Council calls for proper impact assessment of credit bill

2018-02-01 19:32

A proper impact assessment study is needed on the proposed National Credit Amendment Bill, the Consumer Goods Council of SA tells Parliament.

Mr Price in breach of credit act - NCR

2017-06-01 11:53

Mr Price has been referred to the National Consumer Tribunal by the National Credit Regulator for being in breach of the National Credit Act.

Debt set-off: How to curb banks taking your cash

2017-01-19 14:30

An expert explains how consumers seeking loans can ensure their money is not taken without their permission, after the NCR filed papers against a bank over the practice.

Lewis faces fine for breaching National Credit Act

2016-09-14 16:33

Lewis Stores is guilty of infringing the National Credit Act, relating to credit insurance and disability cover sold to pensioners and self-employed consumers.

How does debt counselling really help

2016-05-23 18:06

SPONSORED: We see a daily increase in the number of consumers that apply for debt counselling, says CEO and pioneer of Debt Rescue, Neil Roets.

MicroFinance goes to court over service fee cap

2015-03-17 07:58

MicroFinance South Africa has issued an urgent application against the National Credit Regulator and the DTI, declaring them to be in contempt over service fee caps.

Consumer watchdog still going after Capitec

2014-06-22 09:56

Capitec is still not off the hook by the National Credit Regulator over concerns of allegedly breaching credit laws.

No debt relief for e-tolls, warns Sanral

2014-01-15 15:05

Debt counsellors must tell their clients the National Credit Act does not allow for debt relief from e-tolling fees, the SA National Roads Agency Limited says.

Video
Poverty forcing consumers into debt - Cosatu

Poverty and rising costs are forcing consumers into deeper levels of debt, says secretary of Cosatu in the Western Cape Tony Ehrenreich.

0 comments453 Views
 

Sassa to explain loans which trap grant recipients in 'vicious cycle'

2018-02-15 12:29

The portfolio committee on trade and industry intends to ask the SA Social Services Agency to explain how grant recipients receive loans without any affordability tests being conducted.

Foschini in breach of credit act - NCR

2017-07-04 10:11

The National Credit Regulator has referred Foschini to the National Consumer Tribunal for being in breach of the National Credit Act.

Eagle Cash loans fined R250 000 for reckless lending

2017-02-27 13:40

The National Consumer Tribunal slapped Eagle Cash Loans, a strand-based credit provider, with a R250 000 fine and cancelled its registration as a result of reckless lending practices.

Credit battle begins: NCR takes bank to court over common law set-off

2017-01-17 13:12

The National Credit Regulatorr has gone to court to get legal clarity on the effect of section 124 of the National Credit Act 34 of 2005 on the common law set-off.

Lewis, hit by new credit rules, sees 26.5% profit drop

2016-05-25 08:38

The Lewis Group has posted a 26.5% fall in profits, due to tough trading conditions and the introduction of new affordability assessment regulations by the NCR.

SA debt measures backfire

2015-05-24 09:45

Almost 80c in every rand is used to pay debt, despite measures in the last two decades to curb levels of household indebtedness.

No more reckless lending to consumers

2014-07-08 21:26

The new credit act, which will soon be implemented, will not only tighten measures to grant credit but also offer more protection to consumers.

Amnesty and the struggle for credit

2014-05-05 18:32

Many consumers could unwittingly be struggling to obtain credit due to their ignorance of certain aspects of the National Credit Act, explains an expert.

Debt bubble just waiting to burst – Cosatu

2013-11-15 10:24

Profiteering from poor people by granting them credit at high interest rates must stop because the effects will be devastating, warns Cosatu’s Tony Ehrenreich.

Money lenders breaking credit act exposed

2013-11-08 15:45

To stem the abuse of consumers by lenders the National Credit Regulator and Saps have conducted a joint sting operation.

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