COL3704
Assignment 3
Semester 2 2024
, 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.
Assignment 3
Semester 2 2024
, 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.
