Three of our members were featured as ethical alternatives to high cost credit in this Guardian article about the actor and activist Michael Sheen, who launched the End High Cost Credit Alliance at our annual conference… Continue reading
News
Academic report published on future funding for business lending responsible finance providers
An academic report ‘The Future of CDFI Business Lending’ has just been published (6th March 2018) and recommendations will be discussed at a Best Practice Workshop, hosted by one of the co-authors, at the Responsible… Continue reading
New Research: Community Investment Tax Relief (CITR) and the Responsible Finance Sector
16th March 2018 Today sees the publication of the first major piece of research into the impact of the Community Investment Tax Relief (CITR) since the scheme’s launch in 2002. Completed by Community Investment Services Ltd… Continue reading
Spring Statement: A springboard for an inclusive economy?
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
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