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Emerald van Zyl WesBank was accused of overcharging black clients – We get an update
Manage episode 454871946 series 2915042
Contenuto fornito da Kaya 959. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da Kaya 959 o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.
.GUEST – Lebo Gaoaketse – Head of Marketing and Comms, WesBank
WesBank, one of South Africa's leading vehicle finance institutions, has come under scrutiny following allegations that it systematically overcharged black clients compared to white clients. According to a whistleblower and financial investigator Emerald van Zyl, black clients were charged interest rates as high as 18%, while white clients paid rates as low as 10%. These allegations suggest racial bias in how interest rates were determined, bypassing credit scores in favor of other "risk factors" that disproportionately affected black clients. Kaya FM
…
continue reading
WesBank, one of South Africa's leading vehicle finance institutions, has come under scrutiny following allegations that it systematically overcharged black clients compared to white clients. According to a whistleblower and financial investigator Emerald van Zyl, black clients were charged interest rates as high as 18%, while white clients paid rates as low as 10%. These allegations suggest racial bias in how interest rates were determined, bypassing credit scores in favor of other "risk factors" that disproportionately affected black clients. Kaya FM
173 episodi
Manage episode 454871946 series 2915042
Contenuto fornito da Kaya 959. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da Kaya 959 o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.
.GUEST – Lebo Gaoaketse – Head of Marketing and Comms, WesBank
WesBank, one of South Africa's leading vehicle finance institutions, has come under scrutiny following allegations that it systematically overcharged black clients compared to white clients. According to a whistleblower and financial investigator Emerald van Zyl, black clients were charged interest rates as high as 18%, while white clients paid rates as low as 10%. These allegations suggest racial bias in how interest rates were determined, bypassing credit scores in favor of other "risk factors" that disproportionately affected black clients. Kaya FM
…
continue reading
WesBank, one of South Africa's leading vehicle finance institutions, has come under scrutiny following allegations that it systematically overcharged black clients compared to white clients. According to a whistleblower and financial investigator Emerald van Zyl, black clients were charged interest rates as high as 18%, while white clients paid rates as low as 10%. These allegations suggest racial bias in how interest rates were determined, bypassing credit scores in favor of other "risk factors" that disproportionately affected black clients. Kaya FM
173 episodi
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