South Africa Case Law

National Credit Regulator v Mega Financial Services (NCT/18888/2014//57(1))

National Credit Regulator v Mega Financial Services (NCT/18888/2014//57(1)) [2015] ZANCT 42 (29 October 2015)

Court

National Consumer Tribunal

Case number

NCT/18888/2014//57(1)

Judges

D Terblanche, L Best, N Sephoti

The Tribunal found multiple National Credit Act breaches by a credit provider and declared the conduct prohibited, imposing a R500,000 administrative fine.

• National Credit Act
• Reckless Credit
• Negative Option Marketing
• Prohibited Collection Practices
• Form Of Credit Agreements
• Premature Enforcement