Latest News Headlines
Commercial Credit News
|The National Credit Regulator issues Compliance Notices to unregistered credit providers|
|Thursday, 02 March 2017|
The National Credit Regulator (NCR) has issued compliance notices to six (6) unregistered credit providers instructing them to apply to the NCR to be registered as credit providers.
This followed investigations by the NCR in the Northern Cape and Limpopo provinces targeted at unregistered credit providers.
“Credit providers are reminded that any person or entity that is involved in the provision of credit is required to be registered with the NCR as a credit provider irrespective of the number of agreements and/or the value of the principal debt” says Jacqueline Peters, Manager of the Investigations and Enforcement at the NCR.
“The NCR will continue with operations to monitor unregistered entities around the country and will bring applications to the National Consumer Tribunal to have credit agreements concluded by unregistered entities to be declared unlawful” she added.
“Consumers are urged to ensure that they only apply for credit from credit providers who are registered with the NCR and to report unregistered credit providers to the NCR”, Mrs Peters concluded.
Forums International Ltd
Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.
Find out more here.
The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.
CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.
As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.
Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.
GTS Media Ltd
81 Cambridge Road
Registered in England No: 05483197