n Without Prejudice - Ad hoc lenders : financial law
|Article Title||Ad hoc lenders : financial law|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Affiliations||1 Hogan Lovells and 2 Hogan Lovells|
|Publication Date||Nov 2015|
|Pages||58 - 59|
The purpose of the NCA is inter alia to protect vulnerable consumers from unscrupulous credit providers. However, the registration requirements governed by s40 lent themselves to abuse by "unscrupulous debtors" who sought refuge behind the draconian consequences associated with failing to register when so required.
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