NCR Desktop Audits
In this video we delve in the NCR Desktop Audits. Featured in the interview is Gerrit Viviers Moonstone Compliance NCA Specialist with years of experience in the National Credit Act sector. He explains […]
NCR
Debt counselling demystified – Why your client’s problem is also yours
Historically, indebted people will very often reduce or cancel contributions to financial products. For this reason, the industry needs to come to the party to address the problem. The extent of the problem […]
Debt counselling demystified – Why your client’s problem is also yours
Historically, indebted people will very often reduce or cancel contributions to financial products. For this reason, the industry needs to come to the party to address the problem. The extent of the problem […]
The High Court rules in favour of the NCR – Credit Providers to implement necessary controls
“Banks should obtain permission from consumers before transferring funds from consumers’ accounts to pay amounts due under credit agreements”, Nomsa Motshegare, Chief Executive Officer of the National Credit Regulator (NCR) commented after a […]
NCR warns against loan scam – National Credit Regulator issues public warning
The National Credit Regulator (NCR) has recently warned consumers against fake credit providers offering loan scams. “These scams typically target those who are in distressed financial circumstances and looking for a loan, using […]
High Court sets aside Validation of Gross Income methods
On 16 March 2018, the High Court in Cape Town provided its favourable ruling on the matter brought by the retailers, Truworths Limited, Foschini Group Limited and Mr Price Group Limited (the “Applicants”) […]
New Debt Counselling Fees
The National Credit Regulator recently published a circular and guideline in respect of the new fees that debt counsellors may charge consumers during the debt review process. The new fees are effective from […]
Debt Relief Bill Published
On 24 November 2017, the Portfolio Committee on Trade and Industry published its Draft National Credit Amendment Bill, 2018 (the Bill) in the Government Gazette. The Bill is generally referred to as the Debt Relief […]
Credit Regulator Cracks down again
The National Credit Regulator (NCR), in a media release on 24 October 2017, also issued a compliance notice to Volkswagen Financial Services South Africa (Pty) Ltd (VW) for charging consumers an on-the-road fee, admin fee […]
NCR smacks BMW
Views ‘on-the-road-costs’ as not being in line with prescriptions On 3 August, we published an article on the National Credit Regulator’s (NCR) media statement, warning vehicle financiers (being registered credit providers) that they […]
Compliance audit on credit life insurance policies
Since the publication of the final credit life insurance regulations (the Regulations) that came into effect on 10 August 2017, Moonstone received numerous queries relating to the compliance requirements imposed by the Regulations. In the […]
Credit Life Insurance Regulations
On 11 August 2017, the National Credit Regulator (NCR) released a media statement on the final credit life insurance regulations published under Government Gazette Notice No 103 which became effective on 10 August 2017. In […]
NCR Alert for Vehicle Financiers and Dealers
On 2 August 2017, the National Credit Regulator (NCR) issued a media statement to announce its intention to conduct a compliance monitoring exercise on vehicle licence and registration fees payable by consumers under […]
Annual NCR registration fees due 31 July
All National Credit Regulator (“NCR”) registrants, including credit providers, credit bureaux, debt counsellors, payment distribution agents and alternative distribution agents are obliged to pay their annual registration renewal fees by 31 July 2017. The payment […]