Treasury's CDR Sectoral Assessment for the Open Finance Sector
AFIA has lodged a submission to Treasury’s CDR Sectoral Assessment for the Open Finance sector - Non-Bank Lending.
The submission reflects AFIA’s support for efforts to encourage opt-in by non-bank lenders by streamlining accreditation. It also emphasises that obligatory designation is not appropriate for small lenders and products with small customer bases, below specific thresholds. The submission suggests a pathway towards CDR accreditation for lenders that graduate from these thresholds.