The National Consumer Tribunal has ordered VW Financial Services SA to refund customers who were charged unlawful fees in credit agreements concluded with the company
The tribunal found that the company was wrong to charge a road fee, administration fee and handling fee on credit agreements, saying these fees were not compliant with the National Credit Act.
- calculate the total amount of charges, fees or interest levied on the “on the road” administration and handling fees; and - refund all those consumers charges, fees or interest levied and submit a report by independent auditors to the regulator. “The NCR welcomes this judgment as it affirms the protection given to consumers by the National Credit Act against illegal charges and fees on credit agreements”, said Nomsa Motshegare, CEO of the NCR.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Regulator orders VW to refund consumers charged illegallyThe National Consumer Tribunal has ordered VW Financial Services SA to refund customers who were charged unlawful fees in credit agreements concluded with the company.
Read more »
VW signs 10-year deal for lithium to be used in electric carsAs it emerges from the shadow of the ‘dieselgate’ scandal, VW aims to sell about 22-million electric cars in the coming decade to escape fines from Brussels
Read more »
VW signs 10-year deal for lithium to be used in electric carsAs it emerges from the shadow of the ‘dieselgate’ scandal, VW aims to sell about 22-million electric cars in the coming decade to escape fines from Brussels
Read more »
VW seals 10-year lithium deal for electric carsVolkswagen said it had secured 10 years' worth of lithium for electric car batteries from Chinese manufacturer Ganfeng.
Read more »
Regulator orders VW to refund consumers charged illegallyThe National Consumer Tribunal has ordered VW Financial Services SA to refund customers who were charged unlawful fees in credit agreements concluded with the company.
Read more »
Security guards acted illegally during #FeesMustFall protests - PSiRA report | The StarPrivate security guards contracted by universities during FeesMustFall protests acted illegally by conducting crowd control operations, PSiRA has implied in a revealing report.
Read more »
VW signs 10-year deal for lithium to be used in electric carsAs it emerges from the shadow of the ‘dieselgate’ scandal, VW aims to sell about 22-million electric cars in the coming decade to escape fines from Brussels
Read more »
VW seals 10-year lithium deal for electric carsVolkswagen said it had secured 10 years' worth of lithium for electric car batteries from Chinese manufacturer Ganfeng.
Read more »
VW signs 10-year deal for lithium to be used in electric carsAs it emerges from the shadow of the ‘dieselgate’ scandal, VW aims to sell about 22-million electric cars in the coming decade to escape fines from Brussels
Read more »