31 March 2022: An FT article about Provident Financial, which closed its doorstep lending division last year after receiving thousands of customer complaints and being investigated by the Financial Conduct Authority (FCA) for selling unaffordable loans,… Continue reading
Archives for March 2022
Month: March 2022
The sharks’ feeding frenzy and how to starve them
Devastating stories in a new report from the Centre for Social Justice show how easily illegal lenders ensnare ordinary people. It finds nowhere is safe from loan sharks and estimates at least a million people are… Continue reading
BBC Money Box: Theodora Hadjimichael interviewed on community lenders
12th March 2022: BBC Radio 4’s Money Box programme covered community lenders and their impact, including an interview with Responsible Finance CEO, Theodora Hadjimichael. Presenter Paul Lewis quizzed Theodora about how community finance firms are different… Continue reading
Community finance finds £60m lifeline for low-income households
Thanks to impact-focused responsible lenders, lower-income households have millions of pounds in their pockets they wouldn’t otherwise, a lifeline with such huge increases in the cost of living coming and yet another example of CDFIs – community lenders – helping people build financial resilience. Continue reading