The CDFA welcomes George Osborne’s announcement that the Government will introduce legislation that will require banks to refer decline customers to alternative providers. The proposed new rules mean that high street banks will have to offer to connect SMEs that they decline for loans to alternative sources of finance. Continue reading
Tag: bank referral
Osborne’s Autumn Statement holds great promise for CDFIs
29 November 2011. A £1bn Business Finance Partnership and a national bank/CDFI referral scheme amongst the announcements. Continue reading
Vincent Cable backs the need for stronger relationship banking
29 July 2011. The cdfa applauds Vincent Cable’s speech this week which encouraged banks to seek stronger relationships with CDFIs Continue reading
Banks can build business by backing poorest communities
16 June. “It is crucial that CDFIs forge even stronger relationships with banks” says our new interim CEO Ben Hughes Continue reading