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Car repossessions on the rise in difficult economy: Consumers must know their rights (October 2023)

After an influx of complaints about the repossession of vehicles by banks when people fall behind with their vehicle finance repayments, the Ombudsman for Banking Services (OBS), Reana Steyn, says it is necessary to clarify the rights of both consumers and banks in such circumstances.

Banking Ombud car repossessions media release Oct 2023 draft MH97 (002)[83]
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