In 2016, Virgin Money launched a report on ‘Women in Finance – fairness, equality and inclusion for men and women’. The report found that ‘more women than men start out in financial services but, as they… Continue reading
News
Blog: Credit Reference Agencies must start taking financial inclusion seriously
Inclusive credit scoring 28.02.2018 A known barrier to financial inclusion is the credit scoring approaches utilised by both mainstream and affordable lenders. Because of them, UK households could be paying £1,770 extra per year for basic… Continue reading
Responsible Finance calls for credit reference agencies to do more to support financial inclusion
28.02.2018 Current credit scoring approaches could be costing households £1,770 extra per year Credit reference agencies are using traditional credit scoring methods that are out of sync with modern financial life and that fail to accurately… Continue reading
Actor and activist Michael Sheen to speak at Responsible Finance event
14.02.2018 Conference will address exploitation by high cost credit providers and “how to build a financial services sector that works for everyone” The stage and screen actor and founder of the End High Cost Credit Alliance,… Continue reading
Responsible finance is the only real alternative to predatory lending
05.02.2018 This week the FCA published an update on its work in the high cost credit market. A fuller picture of the FCA’s position and potential interventions in the rent to own, home credit, catalogue… Continue reading
New Carnegie UK Loan fund to support affordable lending to financially excluded households
24.01.2018 The Carnegie UK Trust has just launched a new £1 million fund to help tackle the poverty premium for low income borrowers in Scotland. Loans from high cost credit companies, including pay day loan firms… Continue reading
Breathing Space call for evidence
Responsible Finance response. Problem debt places a heavy burden on individuals and families. It can lead to people falling into a persistent cycle of debt dependence with an ever-growing burden of debt, triggering stress and… Continue reading
CIC Blog: tackling financial exclusion in Scotland
Using data to understand and tackle financial exclusion in Scotland – summary of a round table discussion in the Scottish Parliament, hosted by Social Investment Scotland (SIS) and the Community Investment Coalition (CIC) On a… Continue reading
Building local finance partnerships in London: Learning from a pilot project
02.01.2018 With generous funding from the City of London Corporation’s charitable funder, City Bridge Trust, in 2015 Responsible Finance was able to work with two responsible finance providers in London to pilot local partnership models aimed at… Continue reading
Key Scottish influencers meet to discuss targeted approaches to financial exclusion
12.12.2017 The Community Investment Coalition (CIC) and Social Investment Scotland (SIS) are bringing together a high-level group of influencers on 12th December in the Scottish Parliament to discuss ‘tackling financial exclusion by understanding patterns of access… Continue reading