Reckless lending has become a rampant issue in the financial industry, causing major concerns for regulators and consumers alike. The practice of granting loans to individuals or businesses who may not have the means to repay them has been on the rise, fuelled by easy...
The National Credit Regulator (NCR) of South Africa is an independent body established by the National Credit Act 34 of 2005. Its primary function is to protect consumers from irresponsible credit granting and to regulate responsible credit granting practices in the...
