must confess I don’t really follow banking news but I have been hearing about the National Credit Act, which is supposed to protect consumers against over-zealous pawnbrokers and the like. Well, I can’t say I disagree with a law like this, because I know absolutely nothing about it at all except the brief snippets I heard on the news.
What might just start to irritate me though, is if the Act starts to become a hindrance. As far as I can tell furniture retailers are the worst at trapping people in long-term, high-interest loans and
I found this article on IOL that describes the impact of the NC Act.
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