The National Debt Counselling Association (NDCA) has proposed that the government must enhance standards in the sector and prevent unregistered or unethical practitioners from posing as legitimate debt counsellors.
The proposal was recently submitted to the department of trade, industry and competition, the National Credit Regulator and other debt-counselling industry players
The NDCA said it hopes some of the recommendations will be included in amendments to the National Credit Act and its regulations.
René Moonsamy, head of the NDCA, said the proposal — which aims to align the sector with the rest of the financial services industry — will be based on existing regulations in the National Credit Act, but enhanced by provisions of the…