Financial Times consumer editor Claer Barrett’s comprehensive article, published in FT Weekend and online, says millions of people are vulnerable to loan sharks and calls on banks to get behind community lenders. Continue reading
News
Where Next for Guarantees? The CBI and Responsible Finance
A joint blog by Theodora Hadjimichael, Responsible Finance, and Chris Wilford, The Confederation of British Industry (CBI) Reports in the Financial Times and other media suggest it’s not a matter of whether there will be a… Continue reading
The FT: Scale-up CDFIs to fill Provident gap
31 March 2022: An FT article about Provident Financial, which closed its doorstep lending division last year after receiving thousands of customer complaints and being investigated by the Financial Conduct Authority (FCA) for selling unaffordable loans,… Continue reading
The sharks’ feeding frenzy and how to starve them
Devastating stories in a new report from the Centre for Social Justice show how easily illegal lenders ensnare ordinary people. It finds nowhere is safe from loan sharks and estimates at least a million people are… Continue reading
BBC Money Box: Theodora Hadjimichael interviewed on community lenders
12th March 2022: BBC Radio 4’s Money Box programme covered community lenders and their impact, including an interview with Responsible Finance CEO, Theodora Hadjimichael. Presenter Paul Lewis quizzed Theodora about how community finance firms are different… Continue reading
Community finance finds £60m lifeline for low-income households
Thanks to impact-focused responsible lenders, lower-income households have millions of pounds in their pockets they wouldn’t otherwise, a lifeline with such huge increases in the cost of living coming and yet another example of CDFIs – community lenders – helping people build financial resilience. Continue reading
Like 2 million people around the world, I too have become hooked on the online word puzzle, Wordle…
Like 2 million people around the world, I too have become hooked on the online word puzzle, Wordle. It has become part of my morning routine as I make breakfast; and as a part-American living in… Continue reading
Fair By Design: The Government must intervene to help financially vulnerable people
Martin Coppack, Director, Fair By Design. Sherisha is a single mum to her 8-year-old daughter. Sherisha used to work full time as a social worker but has had to cut down to three days a week… Continue reading
Salad and Fair4All Finance finalists in Digital Leaders Impact Awards
We’re happy to see Salad Money and Fair4All Finance recognised for their work building financial inclusion and resilience. Both have been named finalists in the Financial Inclusion category of the 2022 Digital Leaders Impact Awards which… Continue reading
Regulator must be required to promote financial inclusion
Financial services regulators must take responsibility to address financial exclusion and should be required to promote financial inclusion, according to Responsible Finance and 36 other civil society organisations, charities and public interest groups. The organisations have… Continue reading