The National Debt Counselling Association (NDCA) is pushing the government to professionalise the industry to isolate unregistered and “fly-by-night” debt counsellors.
To this end, the NDCA has submitted a proposal to the department of trade, industry & competition, the National Credit Regulator and other industry bodies to overhaul the debt-counselling regulatory framework.
“We hope the entire proposal, or at least a substantial number of the recommendations, will be included in amendments to the National Credit Act and its regulations. This will help professionalise the sector and get rid of fly-by-nights and chancers,” said NDCA chair René Moonsamy.
Read the full article on Business Day.