Building a better financial services system
19th October 2020
Broadway House, London
The CfRC will be celebrating its tenth anniversary conference in 2020. The conference reaches out across traditional divides, bringing together the financial services sector with local authorities, the social housing sector, not for profit affordable credit providers, FinTechs, and debt and community-based advice agencies.
This year’s conference will examine the systemic problems which make credit so much more expensive for people on lower incomes. Sessions will focus on the role of credit data sharing and scoring; the role of money guidance and debt advice services in improving financial outcomes and behaviours; and the opportunities to develop more affordable, and effective, financial services to meet the needs of lower income households.
As well as reviewing the effectiveness of recent policy and regulatory efforts to improve the operation of consumer credit markets and the help available to people in debt, we will also be showcasing the latest developments in our exciting Rent-flex trials, which we are taking forwards with Optivo, One Manchester and Metropolitan Housing Assocations. And we will be highlighting a new project, with Jubilee Debt Campaign, which aims to organise groups of debtors so that these have a more direct input into policymaking.
Join us on 19th October 2020 for what promises to be a fantastic 10th anniversary event. Booking details to follow shortly.
The Decline of Local Welfare Schemes in England
Local welfare provision in England is at risk of collapsing if Government does not urgently review its approach and step in with more funding for local authorities. A failure to act will create widespread destitution, and put even greater pressure on already over-stretched housing, health, and social care services. Those are the key messages from our latest research, which has been funded by the Barrow Cadbury Trust and which involved an assessment of Cabinet and Committee papers detailing current budgets for local welfare schemes and the reasons for cuts. From this exercise we were able to obtain information about current funding levels for schemes in around 70 percent of English local authorities. We also conducted interviews with eighteen people who have directly affected by the closure of schemes in Northamptonshire, Nottinghamshire, and Oxfordshire.
The Centre for Responsible Credit has today (6th April) responded to the FCA's proposals regarding temporary relief for borrowers impacted by the Covid-19 outbreak. Whilst welcoming the FCA's proposals to help impacted borrowers obtain [...]
• CfRC joins nearly 80 civil society leaders and academics to call for urgent freeze on personal debt payments • Letter to the Chancellor also calls for write-off of existing council tax and social [...]
A new report, published jointly by CfRC, New Economics Foundation, Jubilee Debt Campaign and Research for Action today, shows that the FCA are failing to adequately protect consumers from high interest costs on credit [...]