Regulatory Alerts2018-09-14
Added · Updated
Notice of Intention to Withdraw the Reckless Lending Fee Category from the Debt Counselling Fee Guideline
The National Credit Regulator intends to remove the reckless lending fee category from the Debt Counselling Fee Guideline due to evidence of abuse by debt counsellors and inappropriate charging to consumers. The regulator will publish a notice in the Government Gazette to invite written submissions from the industry regarding this proposed withdrawal. A subsequent circular will provide updates on the developments surrounding the Gazette publication.
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