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
Category: News
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
Salad and Fair4All Finance finalists in Digital Leaders Impact Awards
We’re happy to see Salad Money and Fair4All Finance recognised for their work building financial inclusion and resilience. Both have been named finalists in the Financial Inclusion category of the 2022 Digital Leaders Impact Awards which… Continue reading
Regulator must be required to promote financial inclusion
Financial services regulators must take responsibility to address financial exclusion and should be required to promote financial inclusion, according to Responsible Finance and 36 other civil society organisations, charities and public interest groups. The organisations have… Continue reading
Responsible Finance responds to the Adebowale Commission on Social Investment’s report
Our member Community Development Finance Institutions (CDFIs) are social enterprises. This means they are familiar with the type of slow, organic growth described in the Adebowale Commission on Social Investment’s new report ‘Reclaiming the Future: Reforming… Continue reading
Purple Shoots seeks South Yorkshire’s hidden entrepreneurs
Responsible Finance member Purple Shoots is looking for “hidden entrepreneurs” in South Yorkshire as it expands after helping hundreds of people start small businesses in Wales. The not-for-profit micro-finance organisation tackles poverty, disadvantage, unemployment and social… Continue reading
The Financial Times: Subprime lending and the fight against loan sharks
This FT coverage is a powerful demonstration of the importance of Community Development Finance Institutions in one of the world’s most respected newspapers. Continue reading
MPs in SME finance debate call for capital to community development financial institutions
11 November 2021 – In this week’s Westminster Hall “SMEs: Access to Finance” debate, Peter Gibson MP, Vice-Chair of the APPG on Fair Business Banking, said: “We must deliver a strong local finance option for businesses… Continue reading
Help more social housing tenants to avoid high-cost credit
Drawing on insights from professionals and tenants, a new report written by Fair4All Finance and Campbell Tickell presents the case for increased shared working between housing associations and affordable lenders. It says that there is significant… Continue reading