The National Credit Act, 2005 (Act No. 34 of 2005), establishes a National Credit Regulator (NCR).
NCR promotes a fair and non-discriminatory market place for access of consumer credit provides for the general regulation of consumer credit and improved standards of consumer information,
promotes black economic empowerment and ownership within the consumer credit industry, prohibits certain unfair credit and credit-marketing practices, promotes responsible credit granting and
use, and for that purpose to prohibit reckless credit granting, provides for debt re-organisation in cases of over-indebtedness, regulates credit information, provides for registration of
credit bureau, credit providers and debt counseling services, establishes national norms and standards relating to consumer credit, promotes a consistent enforcement framework relating to
The National Credit Amendment Act, 2014 (Act 19 of 2014) dissolves the Board as the Accounting Authoring.