Over 60% of people who took out payday loans were using the money to pay for household bills or buying other essentials like food, nappies and petrol, a survey by Which? has revealed. CDFA’s Chief Executive Ben Hughes comments on the figures below. Continue reading
News
Now Wonga wants business’ blood sweat and tears
Ben Hughes, chief executive of the Community Development Finance Association today said news that high-cost lender Wonga is starting to offer loans to businesses confirms CDFA analysis of how large the gap in mainstream finance is – and shows that the Government needs to plough more support into community finance. Continue reading
Give it back, George: CITR needs to be extended, not capped
Community Investment Tax Relief should be extended, not capped. CDFA says including CITR in the tax relief cap will suppress social investment and voices its support for the Give it Back, George campaign. Continue reading
BCC say results encouraging but access to finance a real problem for many firms
John Longworth, director general of the BCC (British Chambers of Commerce) today called for more action on access to finance for business as the BCC published its latest Quarterly Economic Survey. Continue reading
We need full disclosure to fully understand unmet need for finance
Ben Hughes, CDFA’s chief executive, today reacted positively to a new Private Member’s Bill calling for greater disclosure in the banking system. 370,000 businesses, 3,300 social enterprises and 3 million individuals face ‘financial exclusion’. To serve them, we have to know who they are and where they are. Continue reading
As report ignores community finance, CDFA says Chancellor must act
CDFA today expressed disappointment at the lack of acknowledgement of community finance in a new report about widening business access to new and alternative sources of finance Continue reading
CDFA Strategic plan published
This strategy lays out how we plan to achieve our five-year vision, and what we will do by 2017 Continue reading
CDFA ‘one of top financial influencers online’
Economia magazine and PeerIndex have drawn up a list of the top 100 financial tweeters worldwide – and CDFA is one of them! Continue reading
Innovation Awards: Overall Winner
SHIMMER (Smart Homes Integrating Meters Money Energy Research), a smart home energy pilot, brings vulnerable and fuel-poor households energy management and income maximisation services. Continue reading
CDFA Innovation Award Winners Revealed
1 February 2012. Innovation is alive in banking sector as ‘best in class’ providers recognised Continue reading