07.09.2012: The UK’s banks need to re-focus on the core business of ‘lending to the real economy so as to contribute to balanced and sustainable growth’ according to a submission to the Banking Reform White Paper, issued today. Continue reading
News
New figures show collapse in bank lending, and unsung heroes filling gaps
The Bank of England’s latest Trends in Lending report (pdf) has confirmed that lending to UK businesses fell by £3bn in the three months to May, with small and medium-size enterprises (SMEs) especially hard hit. Continue reading
The Guardian: CDFI growth of 300%
An opinion column by Deborah Orr in The Guardian newspaper covers banking reform and highlights CDFIs’ growth since 2006. Read it here. What next? Media / journalists: Responsible Finance, our members and clients have featured in… Continue reading
£80bn scheme a missed opportunity for businesses who won’t see a penny
The government has missed a vital opportunity to help the most vulnerable businesses in the UK, said CDFA’s Ben Hughes today, adding “small local businesses starved of bank finance won’t see a penny of this fund.” Continue reading
Dave lends where banks don’t – just like CDFIs
He likes bananas and he’s not a fan of banks. So plain-speaking David Fishwick decided he wanted to launch a bank with a difference. A new 2-part series on Channel 4, which began last night, told his story. Continue reading
CDFIs a lifeline for 21,000 households – saving many from loan sharks
Consumer loans from CDFIs have increased by 35% in the last financial year Continue reading
CDFIs fill the finance gap for businesses in need
By investing in businesses in disadvantaged communities or struggling to access mainstream credit, CDFIs help to bring employment opportunities and needed services to deprived communities. Continue reading
DWP investment “to secure future of credit unions” and other social lenders
CDFA’s Ben Hughes welcomes investment into the social lending sector – but says more is needed to reach all communities across the UK. Continue reading
1 in 8 workers using payday loans – and losing three days’ wages
Workers are increasingly using payday loans because their wages run out before the end of the month, according to a new report published by the union Unite. Continue reading
CDFA on Radio 4’s You and Yours
CDFA’s Sean Dennis was a guest on BBC Radio 4’s You and Yours programme on Monday 25.06.2012. The segment looked at the growth of “microfinance’ and alternatives to mainstream banking finance for businesses. Continue reading