The National Credit Providers Association (NCPA) is the peak national industry body representing the Small Amount Consumer Lending Industry in Australia.
NCPA represents companies that provide Small Amount Credit Contracts (often called SACCs, or Small Amount Loans) and Medium Amount Credit Contracts (called MACCs, or Medium Amount Loans). Our members include responsible lending organisations such as Cash Converters, Direct Personal Loans, City Finance, Cash Stop Financial, Jacaranda Finance and Fair Go Finance. Our members are all ASIC-licensed credit providers, who operate from more than 250 retail locations across Australia and via dedicated online platforms.
NCPA takes very seriously its role of driving self-regulation of the industry, by assisting and guiding lenders in the provision of fair and safe credit under the National Consumer Credit Protection Act 2009. Most importantly, NCPA strives to promote and protect the rights of customers by ensuring lenders are applying responsible lending practices. NCPA represents organisations that apply responsible lending obligations under their ASIC credit licence and operate within the federal government’s strict legislation and regulations in the SACC industry.
NCPA is committed to sustaining a fair and regulated industry for both consumers and lenders. NCPA is also committed to advising members of the Australian Government and educating the media and the community about small loans, and the critical role they play in fulfilling a big need in our society.
Since its inception, NCPA^ has provided a strong, united voice in the small loans national arena and has been instrumental in bringing about significant changes in legislation which provides more protection to consumers than ever before under the National Consumer Credit Protection Act 2009 and ASIC credit licensing requirements.
NCPA continues to work closely with our members, policy makers, and consumer advocacy groups to maintain a viable small loans industry that provides responsible lending and vital financial inclusion to around 1 million Australians a year.*
Small Loans, Big Need is an latest industry-led initiative in response to the government review, as we seek to start an open and honest discussion about small loans, so that all Australians can understand the true nature of small loans, and the big need that exists for them.
Find out more about NCPA at www.ncpa.net.au
^National Credit Providers Association (NCPA) originally operated as the National Financial Services Federation, NFSF.
‘Our industry provides a fair go to good people, who sometimes find themselves financially excluded from the banks even though they can afford to repay a small loan’
