High Court outlaws banks’ controversial money grabbing

ECR Consumerwatch
04/07/2019 13 min
High Court outlaws banks’ controversial money grabbing

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Episode Synopsis

For years, South Africa’s banks have taken it upon themselves - without warning - to grab money from their clients’ current accounts to settle their credit card debt, often leaving them with too little money to honour their debit orders or buy food for the month. ECR Consumerwatch

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