Media Releases

NCPA provides comments on many different issues in the small finance industry. These releases are filed on a chronological basis but the search function will help you find relevant media releases on a particular topic.

 
  • Qld Minister misrepresents Queenslanders financial burden

    Aug 03 2017

    NCPA Chairman Rob Bryant has encouraged the Queensland Minister for the Prevention of Domestic and Family Violence, to do more for women who are escaping domestic violence and people doing it tough rather than taking a cheap shot at the small loans sector.

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  • Financial stress levels make small loans even more important!

    May 15 2017

    With growing levels of mortgage stress, weaker retail sales and rental prices out of reach for many Australians on low and middle incomes according to recent media reports, access to small loans is vital to the three million Australians who are unable to access mainstream finance.

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  • Qld Ministers beats up on small loans sector - AGAIN

    Apr 28 2017

    There is no such thing as a payday loan (i.e. loans under 16 days) - these were banned under the NCCP Act in 2013, instead small amount credit contracts (SACC) are highly regulated small loans by the federal government.

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  • Small Loans Boss Slams Qld Minister

    Apr 21 2017

    There is no such thing as a payday loan (i.e. loans under 16 days) - these were banned under the NCCP Act in 2013, instead small amount credit contracts (SACC) are highly regulated small loans by the federal government.

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  • Small Loans – a good option compared to credit cards

    Apr 20 2017

    According to the popular women’s finance website www.financy.com.au the average credit card interest rate is more than 10 times the official cash rate.

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  • Small Loans - Big Need

    Apr 14 2017

    More than 3 million Australians are financially excluded from our economy according to Good Shepherd. These people often don’t qualify for a NILS loan, other assistance or simply have an emergency that requires funds they don’t have.

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  • Small Loans Big Need

    Apr 06 2017

    More than 3 million Australians are financially excluded from our economy according to Good Shepherd. These people often don’t qualify for a NILS loan, other assistance or simply have an emergency that requires funds they don’t have. The availability of assistance through a highly regulated small amount credit contract (SACC) loan has been consistently decreasing since 2013.

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  • Small Loan Providers Disappointed by Government Response

    Nov 30 2016

    CEO of NCPA has expressed disappointment on behalf of members in regard to the announcement from Minister O’Dwyer to adopt some unworkable recommendations from the review panel’s final report

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  • Proposed Reform Will Increase The Cost Of Credit

    Nov 22 2016

    NCPA warns that government proposed 'reforms' to the NCCP Act will increase the cost of credit if maximum repayment cap is introduced.

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  • The Governments Billion Dollar Credit Problem

    Nov 09 2016

    Some of the proposed recommendations from the Review Panel are poised to create a Billion Dollar Credit Problem for the Government.

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  • NCPA Statement on ASIC Announcement

    Nov 09 2016

    NCPA has today issued a statement on the ASIC Announcement regarding the probe into Cash Converters

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  • NCPA Responds To The Age Article About Payday Loans

    Nov 08 2016

    NCPA responds to The Age article about payday loans which speaks about the small loans industry in an inappropriately derogatory manner.

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  • NCPA Calls On Government To Ban APR For Small Loans Under 12 Months

    Nov 02 2016

    NCPA, the national association for the small loans industry, calls on government to ban APRs for small loans under 12 months as they are a meaningless measure for credit products under 12 months.

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  • Payday Loans Don't Exist

    Oct 18 2016

    Payday Loans Don't Exist! What Does Is A Small Loan With Big Consumer Protections. In Australia there is a small loan with big protections for consumers. It is one of the most highly regulated consumer loans available on the market.

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  • NCPA Responds To Triple J’s Hack

    Sep 02 2016

    NCPA responds to Triple J's Hack which has many inaccuracies concerning the Australian small loans industry

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  • NCPA Statement on Cash Converters

    Aug 31 2016

    NCPA has issued a statement with reference to the recent announcement from Cash Converters (Cash Converters prepares for probe penalties – The Australian, 27 August)

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  • Statement of Response By NCPA To Google Announcement

    May 12 2016

    Phil Johns, CEO, NCPA has issued a statement of response to today's announcement by Google of banning 'payday' lenders from advertising in Google AdWords

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  • NCPA Issues Holding Statement In Response To Tabling Of Report Into SACC Review

    Apr 20 2016

    NCPA the peak industry body representing the small loans industry, whose members are lenders providing SACCs, will shortly make comment, after the association’s CEO, Phil Johns, has fully and in detail reviewed the 120 page report and the recommendations.

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  • NCPA RESPONSE to ASIC Review of Fair Go Finance (Fair Go)

    Feb 10 2016

    Following ASIC’s media announcement about NCPA’s member Fair Go Finance, the Association is taking the opportunity to formally reply and show its support for their member. Phil Johns, CEO of NCPA, comments: “The product under review from ASIC, the Fair Go Flexi-Loan, saved customer’s money in the majority of

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  • Financial stress levels make small loans even more important

    Feb 10 2016

    With growing levels of mortgage stress, weaker retail sales and rental prices out of reach for many Australians on low and middle incomes according to recent media reports, access to small loans is vital to the three million Australians who are unable to access mainstream finance.

    Read More
  • Let's Start and Open Honest Discussion About the Big Need for Small Loans in Australia

    Dec 10 2015

    LET’S START AN OPEN HONEST DISCUSSION - ABOUT THE BIG NEED FOR SMALL LOANS IN AUSTRALIA. The National Credit Providers Association (NCPA) is challenging those who believe there is no need for small loans in the credit market. The industry association representing responsible lending is asking people to consider what they would do if they did not have access to credit through traditional finance such as credit cards; a concept many find hard to grasp.

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  • New Research Reveals Truth About So Called Pay Day Loans Industry

    Oct 29 2015

    New research has revealed facts and figures for the small amount lending industry historically known as payday Loans. Nearly two million consumers completed an application for small amount loans between 2014 -2015. The need for this highly regulated small amount financial product remains staggeringly high for everyday Australians.

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  • Small Loans Association Stresses Importance Of Current Data For Government Review

    Oct 07 2015

    Small Loans Association Stresses Importance Of Current Data For Government Review. The National Credit Providers Association (NCPA), Australia’s peak body for the small amount consumer lending industry, is formally voicing its support for the current government review of the small amount credit contract (SACC) laws. However, it urges panelists to look at the facts and up-to-date information, so as not to leave the millions of Australians who use small loans - incorrectly known as Pay Day Loans - without an option for unexpected short term credit needs

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  • NCPA Issues Statement on Fast Access Finance Decision

    Oct 01 2015

    NCPA issues response to ASIC regarding 15-278MR Federal Court Fast Access Finance breaches National Credit Act. “This is not an unexpected outcome by the court. The business divisions of Fast Access Finance outlined in ASIC’s release were unlicensed providers who ...

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  • NCPA Working with ASIC to Improve Compliance and Standards Across the Sector

    Mar 16 2015

    ***Tuesday, 17th March 2015*** The National Credit Providers Association (NCPA), which represents short term lenders, today said it looks forward to working with ASIC to improve compliance and standards across the sector. NCPA Chief Executive Phil Johns said while the report showed there are some valid concerns about the industry’s performance since the national consumer protection legislation was updated in 2013, overall the vast majority of short term lenders are meeting their regulatory requirements. “Reflecting the introduction of substantial regulations that have taken effect in recent years, the industry has invested heavily in people and technology to ensure that consumers receive the best possible service and outcome,” Mr Johns said.

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