n Without Prejudice - Codes of Conduct may increase costs : financial law - National Credit Act
|Article Title||Codes of Conduct may increase costs : financial law - National Credit Act|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Publication Date||Nov 2013|
The National Credit Regulator (NCR) has for some time expressed its concerns regarding the method used by credit providers to assess consumers' ability to afford credit (affordability assessments). In line with these concerns, in May, the NCR issued the "Credit Industry Code of Conduct to Combat Over-Indebtedness in terms of section 48(1)(b) of the National Credit Act" (Code of Conduct).
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