Talk of the Town

National Credit Regulator

Latest news & developments
ID

It is illegal for a credit provider to take a consumer’s ID or cards when granting credit

In terms of the National Credit Act, it is illegal for credit providers to retain consumers’ instruments such as identity documents (IDs), and bank cards when granting credit. This is the modus operandi adopted by some credit providers to…

  • Talk of the Town Reporter
FRAUD

Supreme Court of Appeal rules in favour of SAFPS for retaining fraud information

National Credit Regulator wanted to consider listing of fraudsters as ‘negative credit information’ The Southern African Fraud Prevention Service (SAFPS) has won a case against the National Credit Regulator (NCR). “This is critical for…

  • Talk of the Town Reporter