Thousands of consumers have had more than R60m paid back to them after the National Financial Ombud NFO of SAs banking division resolved their disputes with various banks.
Over and above the monies paid back this year, there were repossessed vehicles that were returned to customers, and some had their debt written off.
Of the R60m paid back to aggrieved consumers, the majority of refunds were awarded or offered by banks in fraud.
