Regulatory Alerts2019-06-10
Added · Updated
Circular 04 of 2024 - Updates from the Credit Industry Forum
The Credit Industry Forum provides progress updates on sub-committees addressing operational difficulties under the National Credit Act. The Reckless Lending Guidelines sub-committee has completed its mandate and submitted non-binding recommendations to the National Credit Regulator for approval, while the On-Sold Debtors Book sub-committee reports that industry collaboration has resolved previous challenges without further action. Other groups, including those on the National Credit Amendment Act, DCRS, Annual Reviews, and Alternative Dispute Resolution Agents, remain pending or ongoing, with new mandates established for reviewing Debt Counselling Fee guidelines and updating Task Team Agreements.
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