Philip Hammond’s brief, twenty-minute Spring Statement scheduled for Tuesday is not expected to hold any substantial policy announcements. Nonetheless, the Chancellor should set out some thinking about longer term economic priorities. There is a growing sense… Continue reading
News
Responsible Finance – a track record in supporting female entrepreneurs
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
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
CIC blog: Opportunity Zones in the US – a tool for community development?
Trump’s Tax Cuts and Jobs Act. 22.02.2018 The sweeping overhaul of the US tax system passed in 2017 has attracted widespread debate across America. Many believe that multinational corporations and the extremely wealthy are set to… 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