NEWS CONT.
THEDCI SUPPORT REGULATORS DECISION
stand against the proposed code since they were first published”. Barkenhuisen says: ”For over a year our members have been saying The Debt Counselling Industry portal, theDCI they do not want to go contrary to the Act and say they welcome the NCR’s findings. Deborah sign these codes which were a thinly veiled Solomon a registered Debt Counsellor and attempt at circumventing important parts of founder of theDCI says “The mismatch the NCA”. between sky-high debt and these codes speaks to the credit provider’s lack of enforcement of their code and the NCA. The banks have BDCF APPLAUD NCR refused to accept law such as the in duplum ANNOUNCEMENT rule. Debt Counsellors welcomed how the NCR The Black Debt Counsellors Forum (BDCF) has applied the law with vigour, so as not to says it applauds the bold action taken by the create sham protection... The NCR is the only National Credit Regulator (NCR) in addressing regulator and everyone needs to respect this.” and taking steps to correct irregularities within the industry that have threatened the debt process. Octavia Hlatshwayo, the DCU SUPPORTS NCR DECISION counselling secretary of the BDCF says: “In light of these The DCU has said that the recent change of recent developments in the debt counselling stance by the NCR regarding the industry industry, the BDCF offers its....support to codes of conduct and recognition of DCASA the National Credit Regulator.” Hlatshwayo and the NMDA shows that the banks are not also says that recent public statements by infallible. Mr Scott Cundill has stated: “This the credit ombudsman, the NDMA and the is heart-warming news indeed ... We cannot Debt Counsellors Association of South Africa continue to operate in a society where a small (DCASA) stating that debt counselling is not handful are allowed to bully an entire industry. working are “irresponsible and unwarranted”. Our primary task right now is to restore the reputation of Debt Counsellors.”
DCASA - A LONE VOICE
NEC members of the Debt Counsellors Association of South Africa have expressed The Alliance of Professional Debt Counsellors concern with the NCR’s decision to withdraw (AllProDC) say that they praise the decision their support for the Debt Counsellors industry by the National Credit Regulator (NCR) to code of conduct. This is unsurprising in light withdraw it’s support for the so called Debt of DCASA’s central role in creating the code Counselling and Credit Provider Codes of of conduct. DCASA say they are concerned Conduct. Simon Barkenhuizen, elected that this could thrust the industry back into president of the AllProDC National Executive unclear waters and that progress made with Committee says: “We feel this is a great victory various credit providers might be lost. They for our members who have taken a strong
ALLPRODC CELEBRATE