The CDFA welcomes tomorrow’s disclosure of lending data at postcode level by the high street banks – and offers banks the opportunity of working with their members to reach hard to reach markets. Continue reading
News
Autumn Statement 2013
CDFIs can play a key role in delivering the growth, investment and employment that the Chancellor wants Continue reading
Governnment to introduce interest rate cap
The government has announced that the cost of payday loans will be capped under a new law. In a surprise move, Chancellor George Osborne said there would be controls on charges, including arrangement and penalty fees, as well as on interest rates. Continue reading
New rules to tackle payday lenders, but where is the support for ethical alternatives?
FCA proposals to restrict practices of payday lenders are very welcome. We also need to invest in our communities and community lenders. Continue reading
Change the message…
Ben Hughes examines how we can cut through the froth of the party conferences by spelling out how CDFIs are making a difference, and their £1.125bn contribution to GDP. Continue reading
The need for finance sector reform
Jennifer Tankard, Director of Community Development Foundation, explains why the Community Investment Coalition is working together for fair and affordable financial services for all.
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Hope and outrage
Celia Richardson explains why the Social Economy Alliance is optimistic about all the main party manifestoes for 2015 carrying policies that will grow the social economy Continue reading
The Church of England and the Credit Union movement
Malcolm Brown – Director of Mission and Public Affairs for the Church of England, examines the church’s support for credit unions and views on the financial sector.
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The credit union payday loan
A new report has found that a credit union payday loan product could break even in the long-term and has proved very popular. London Mutual Credit Union has piloted the use of a payday loan product, funded through the Barclays Community Finance Fund and Friends Provident Foundation. Continue reading
The Guardian: Community Development Finance Initiatives: how do they work?
Claudia Cahalane’s feature in The Guardian today explains how CDFIs build local communities through access to affordable, responsible credit for small business, charities and social enterprises. It includes our member Key Fund and data about the… Continue reading