What is the National Credit Regulator?

It's an organisation responsible for the regulation of the South African credit industry. The NCR was established under the National Credit Act of 2005, and is charged with carrying out education, research, policy development, registration of participants, complaint investigation and enforcement of the Act.

Where have you heard about the National Credit Regulator?

The NCR is often in the news in South Africa. In August 2017, for example, it warned consumers against entering loans with credit providers who use unlawful collection methods.

What you need to know about the National Credit Regulator.

South Africa's National Credit Act requires the NCR to promote the development of an accessible credit market, focusing in particular on the needs of historically disadvantaged people and communities. The regulator is a member of the Alliance for Financial Inclusion.

The NCR is tasked with registering credit providers, credit bureau and debt counsellors, and monitoring their conduct. As the body enforcing the National Credit Act, it tries to ensure that language in credit agreements is simple and understandable. Reckless lending is prohibited, and automatic increases in credit limits are regulated.