SECTION A: NATIONAL CREDIT REGULATOR
QUESTION 1:
The National Credit Regulator (NCR) is legislated to perform several key functions
under the National Credit Act, 34 of 2005. A mind map of these functions includes:
Registration and Regulation:
• Registers credit providers, credit bureaus, a...
, SECTION A: NATIONAL CREDIT REGULATOR
QUESTION 1:
The National Credit Regulator (NCR) is legislated to perform several key functions
under the National Credit Act, 34 of 2005. A mind map of these functions includes:
Registration and Regulation:
• Registers credit providers, credit bureaus, and debt counselors.
• Ensures compliance with the National Credit Act.
Consumer Protection:
Protects consumers from unfair credit practices.
Provides education on credit-related issues.
Monitoring and Enforcement:
Monitors the credit market and credit industry practices.
Enforces compliance with the National Credit Act through investigations and
penalties.
Policy Development:
• Develops policies to improve the credit industry and protect consumers.
• Advises the government on credit-related issues.
Research and Reporting:
• Conducts research on the credit industry.
• Reports on credit trends and practices.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller GeniusGears. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R51,07. You're not tied to anything after your purchase.