Extract from NCPA Response To Review Of The Small Amount Credit Contracts Laws Final Report

The NCPA cannot support a reduction to 10% of net income as this change will close most small to medium SACC providers, limiting the access to credit for many consumers who rely on the shop front outlets for this, plus several of the larger players have stated they would simply exit the SACC market. This situation would effectively legislate drastically reduced competition and create a financial exclusion vacuum. Independent financial records of lenders can be supplied, in confidence, should they be requested to support this statement