Launch of Responsible Finance
A body which represents responsible finance lenders in the UK. It is the new name for the Community Development Finance Association. These organisations work to provide access to credit for people and businesses not covered by the mainstream lenders.
Its website has news from providers and research publications these include reports on financial exclusion, lending and financial deprivation maps. State of community and non profit finance.
For details on why this type of organisation is necessary see :
- Payday lending market investigation From: Competition and Markets Authority which reported in 2015 reports on complaints received by the Financial Ombudsman service
- The Financial Conduct Authority has policy documents and research relating to consumer credit access and regulation.
- Citizen Advice Bureau research on recent changes in the market from 2016
- Which? consumer news