South Africa Case Law

National Credit Regulator v Finbond Mutual Bank (NCT/26629/2015/140(1))

National Credit Regulator v Finbond Mutual Bank (NCT/26629/2015/140(1)) [2017] ZANCT 97 (23 August 2017)

Court

National Consumer Tribunal

Case number

NCT/26629/2015/140(1)

Judges

T Woker, J M Maseko, B Dumisa

The Tribunal dismissed the NCR’s complaint against Finbond Mutual Bank, holding that it had not established a reasonable suspicion or sufficient evidence of unreasonable insurance pricing.

• Credit Life Insurance
• Unreasonable Costs
• Commission Disclosure
• Jurisdictional Requirements
• Audi Alteram Partem
• Administrative Penalty