Regulatory Alerts2021-08-18
Added · Updated
Invitation to Submit Comments on the Review of Limitations on Fees and Interest Rates Regulations
The National Credit Regulator invites stakeholders to submit comments on the review of Regulations 42(1), 42(2), and 44 regarding maximum prescribed initiation and monthly service fees, as well as interest rates. Submissions must address potential adjustments to fee caps, the impact of these regulations on credit access for historically disadvantaged and low-income persons earning R7,500 or less, and the clarity of fee calculations for credit providers and consumers. Comments must be sent to Mr Bongani Gwexe at bgwexe@ncr.org.za by the close of business on Friday, 01 October 2021.