In June 2014, the Community Investment Coalition launched its Community Banking Charter. It champions a fresh approach to banking in the UK so that every household, adult and business has access to basic financial tools.
The Charter calls for everyone to have access to a basic package of financial tools, including a transactional bank account, access to affordable credit and independent money management advice.
To achieve this politicians and regulators need to undertake a review of community finance provision across the UK; increase investment into credit unions and community development finance institutions; and give clear direction to regulators about the importance of the community finance sector.
Community Banking Charter
You can watch the video ‘Financial exclusion in Leysdown-on-Sea, Kent’ by CIC partner Local Trust:
and read about it here.