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Edcon club fee ruled unlawful, NCR to determine refunds

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Johannesburg - The Edcon group, which ow ns retail store Edgars, maintains it did nothing wrong, despite findings by the National Credit Regulator (NCR) that it unlawfully charged its customers club fees. 

The National Consumer Tribunal handed down judgment against Edcon on Wednesday that the monthly club fee the group charged to its credit customers is unlawful and in contravention of the National Credit Act (NCA). 

The NCR will approach Edcon to request an independent audit of its loan book. This will establish the number of consumers to be refunded, with the total amount to be refunded from 2007 to date, it said.

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