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: CDFI
New community banking solution launched in Bristol
Work is underway to set up and test a simple and practical community finance partnership to deliver wide-ranging finance and support services in Bristol. The pilot project is being led by the South West Investment Group (SWIG), a community development finance institution (CDFI) that will partner with other services to present a viable and integrated alternative solution to fragmented mainstream finance and support services. Continue reading
My Home Finance wins Responsible Lender of the Year
Congratulations to CDFA member My Home Finance which won Responsible Lender of the Year at the recent Credit Today Awards. Continue reading