Decision Proposal 316 - Non-Bank Lending sector alignment
On 25 August 2023, AFIA responded to Decision Proposal 316, the Non-Bank Lending sector alignment for the Consumer Data Right (CDR) ecosystem.
AFIA noted the challenges associated with the simultaneous release of the rules and standards, and a shorter timeframe than the banking sector to consider and roll-out the new CDR regime.
Further, AFIA notes the standardised taxonomy between banking and the non-bank sector, may present complexities as the two sectors are not analagous.