Standard Bank’s Presentation on the Draft NCA Amendment Bill
Standard Bank joined a number of other interested parties in making a public presentation about the Portfolio Committee on Trade & Industry’s proposed changes to the National Credit Act, this month.
Presenting at Parliament in front of the committee and onlookers, the bank pointed to the existing debt relief measures that are already in place such as Debt Review, Sequestration and Administration. They also highlighted how, as an institution, they go beyond these measures to help their clients with settlements and write-offs under various circumstances.
Subsidise Debt Counsellor’s Earnings?
The bank feels that it might be better to make better use of debt review to meet the needs of lower-income consumers and even spoke of subsidising earnings for Debt Counsellors who assist these type of consumers (as was done in the past via the NCR). Debt Counsellors have not only capacity but also experience in these financial matters and may be better suited than temporary staff at the Regulators office used periodically.
Many who presented feel that the NCR even with a huge boost to it’s budget cannot hope to fill the role thrust upon it by the draft Bill.
Download SBSA’s Presentation
SBSA Debt Review Booklet Standard Bank have recently been distributing an info booklet to Debt Counsellors (and others) about their debt review policies and process. The goal is to help Debt Counsellors (and other service providers) in their debt review business. … read more
Standard Bank Debt Review Department’s Top Queries You may wonder what queries a bank’s debt review department have to deal with the most each month. Standard Bank have reported on some of their stats which helps give an insight into the … read more
Standard Bank Debt Review Team Doing Team Building Today The SBSA Debt Review Team are out of the office today on a team building day. This means that you can send them emails etc but should not expect contact back … read more
Technical Glitch At Standard Bank Debt Review To Soon Be Sorted Standard Bank experienced some unfortunate technical issues at the Debt Review Department today and were having a difficult time in replying to emails, processing applications and communicating. They were not ignoring … read more
Debt Counsellors Association of South Africa Conference Each year the Debt Counsellors Association of South Africa (DCASA) host a conference in Kempton Park at Emperors Palace. The 2016 conference happened this week. Over 200 people managed to get seats at … read more
Standard Bank Procedure for DCRS Acceptances DCRS is a computer system designed by the various big banks to help make proposals about debt which they will automatically accept if Debt Counsellors use it. The idea is that after capturing all … read more
Debt Review Awards Gala It is normally true that Debt Counsellors and Credit Providers seldom have cause to dress to the nines, however at the annual Debt Review Awards gala in Cape Town this month everyone wanted to put their … read more
Standard Bank SMS Non Paying Clients Standard Bank recently (8 April) sent out a whole bunch of SMS’ to consumers under debt review whose accounts were not getting payments for 60 days or more. The campaign is aimed at warning … read more