Media Release - August 2017

The National Credit Regulator (NCR) and the South African Police Service (SAPS) conducted operations in Mpumalanga and Limpopo Provinces on credit providers who were unlawfully, retaining pension cards, bank cards, identity documents and personal identity numbers (PIN) of their clients as surety for the loans.

“In Northam, Limpopo, on Tuesday, 22 August 2017, over 800 consumer instruments, being both South African Social Security Agency cards and bank cards were sized from a credit provider,” says Jacqueline Peters, Manager: Investigations and Enforcement Department at the NCR.

“In a separate operation in Mpumalanga, on Wednesday, 23 August 2017 an unregistered credit provider, who was retaining cards and was alleged to have kidnapped a consumer was arrested,” added Peters.

She says that credit providers commit a criminal offence when retaining pension cards, bank cards, identity documents and personal identity numbers (PIN) of their consumers as debt collection instruments.

“We urge consumers who have handed their identity documents or bank and pension cards to this credit provider to report to the respective police station to collect their instruments,” concludes Peters.

Ends


Issued by:           
National Credit Regulator
Lebogang Selibi
Telephone: (011)554 -2722
Cellphone: 064 752 3920
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.ncr.org.za

Subscribe to media release on lselibi@ncr.org.za 

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