The National Credit Regulator's failure to act is being blamed for delaying a financial wellness company's attempt to bring a class action against retailer Lewis for alleged breaches of the National Credit Act. Summit Financial Partners may only take its case against the furniture retailer further - to the National Consumer Tribunal or the high court - once the regulator has dealt with its complaints. And according to Summit CEO Clark Gardner, his firm lodged its first complaint against Lewis with the credit regulator more than two years ago. Delivery fees Frustrated by the regulator's lack of action, Summit has launched an application in the High Court in Cape Town for a declaratory order on the legal status of the delivery fees charged by Lewis. "If the regulator does not assist, one can ask the courts to determine the legality of a practice. This of course comes at great expense to Summit," Gardner said. "We have spent millions of rands on legal fees the past year fighting NCA br...
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