Leading international best regulatory principles in responsible lending policy : lessons for Namibia

dc.contributor.authorAsheela, Ndatega Victoria
dc.contributor.authorRenke, Stefan
dc.contributor.authorRoestoff, Melanie
dc.contributor.emailstefan.renke@up.ac.zaen_ZA
dc.date.accessioned2020-05-07T07:09:05Z
dc.date.available2020-05-07T07:09:05Z
dc.date.issued2019-02
dc.description.abstractThe economic downturn following the 2008 global financial crisis has inter alia invoked a movement towards responsible lending practices in order to protect credit consumers from irresponsible lending and over-indebtedness. In Namibian consumer credit law, in as much as debt prevention measures are contained in three pieces of legislation, there are still no responsible lending measures in place. This article provides an overview of the current and emerging international regulatory measures intended to promote responsible lending policy. It begins by tracing the development of consumer credit policies from truth-in-lending to responsible lending responses. It then provides a broad survey of the efforts aimed at promoting responsible lending policy with the aim of determining current trends and guidelines for devising a responsible lending regime and formulates leading international best principles for a modern and effective responsible lending regime. It is submitted that these leading international best principles can be useful lessons for countries such as Namibia and other developing countries alike in improving their national consumer credit law policies.en_ZA
dc.description.departmentMercantile Lawen_ZA
dc.description.librarianhj2020en_ZA
dc.description.urihttp://www.inderscience.com/jhome.php?jcode=ijplen_ZA
dc.identifier.citationAsheela, N.V., Renke, S. & Roestoff, M. 2019, 'Leading international best regulatory principles in responsible lending policy : lessons for Namibia', International Journal of Private Law, vol.9, no. 3, pp. 155-176.en_ZA
dc.identifier.issn1753-6235 (print)
dc.identifier.issn1753-6243 (online)
dc.identifier.other10.1504/IJPL.2019.098117
dc.identifier.urihttp://hdl.handle.net/2263/74507
dc.language.isoenen_ZA
dc.publisherInderscienceen_ZA
dc.rights© 2019 Inderscience Enterprises Ltd.en_ZA
dc.subjectConsumer protectionen_ZA
dc.subjectPre-agreement assessmentsen_ZA
dc.subjectResponsible lending policyen_ZA
dc.subjectConsumer over-indebtednessen_ZA
dc.subjectIrresponsible lendingen_ZA
dc.titleLeading international best regulatory principles in responsible lending policy : lessons for Namibiaen_ZA
dc.typePostprint Articleen_ZA

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