/Damon Gibbons

About Damon Gibbons

Damon is the Director of the Centre for Responsible Credit.

Wonga collapse: CfRC calls for Treasury Committee to launch an inquiry

The payday lender Wonga has collapsed under the weight of claims for rebates and/or compensation from its borrowers arising from the firm’s failure to ensure that people could afford to make repayments prior to making loans. The failure to conduct adequate affordability checks breached the Office of Fair Trading’s (‘OFT’) ‘Irresponsible Lending Guidance’ which [...]

By |2018-09-04T12:00:20+00:00September 4th, 2018|Blog|0 Comments

Join Michael Sheen at our Redesigning Financial Services and Support Conference

Redesigning financial services and support 25 April 2018 | Resource for London Following the launch of Michael Sheen’s End High Cost Credit Alliance, we invite you to join CfRC and Toynbee Hall’s Financial Health Exchange to critically assess the latest developments in credit markets and discuss possible new models of support for low to middle [...]

By |2018-04-04T11:13:29+00:00April 4th, 2018|Blog, Events|0 Comments

Happy 70th Birthday Udo Reifner! A new interactive blog reviewing his ideas is launched

On the occasion of Professor Udo Reifner's 70th birthday, an interactive blog of reviews of Udo's work has been published by the Institut Fur Finanzdienstleistungen ('Institute for Financial Services' - IFF) in Hamburg. As the founder and, for many years the Director of the IFF, and as the driving force behind the creation of the [...]

By |2018-03-28T11:26:43+00:00March 28th, 2018|Blog|1 Comment

Debt advisers get behind the call for a household debt jubilee

Debt advisers organised in the Manchester Money Advice Group have drawn up a statement in support of our call for a household debt Jubilee.  In a letter to The Guardian, twelve debt advisers have expressed their backing and we are now seeking more signatures to the statement (in full below). We will also be holding [...]

By |2018-03-19T10:43:40+00:00March 19th, 2018|Blog, Getting Britain Out of Debt|0 Comments

Redesigning Financial Services and Support Conference. Last chance for early bird prices

      View in browser | Subscription Preferences Redesigning financial services and support 25 April 2018 | Resource for London Extended early bird discount until Friday 16 March CfRC and Toynbee Hall’s Financial Health Exchange are delighted to host this conference which will explore the new approaches to regulation and the delivery of financial [...]

By |2018-03-12T12:55:45+00:00March 12th, 2018|Blog, Events|0 Comments

The true extent of Britain’s household debt crisis: why we need a Jubilee

The Centre for Responsible Credit ('CfRC') and Jubilee Debt Campaign have today called on the Government, the Bank of England and the Financial Conduct Authority to instigate a Household Debt Jubilee in order to release low income households from billions of ‘unjust’ consumer credit debt. In a joint briefing paper, to be launched at a [...]

By |2018-03-06T17:15:20+00:00March 6th, 2018|Blog, Getting Britain Out of Debt|0 Comments

Reshaping Financial Support – Local Authority Scoping Exercise

We are delighted to announce that CfRC has been commissioned by the Local Government Association to help scope out potential improvements to financial support for low income households, and suggest possible trials of new approaches in 2018/19. The research will involve working closely with up to ten local authorities between now and the end of [...]

Redesigning Financial Services and Support | NEW Conference 25th April, London

The financial services market is changing. Open Banking, developments in the use of Artificial Intelligence, and the creation of new payment platforms and FinTech applications pose both opportunities and threats for low to middle income households. Opportunities: to provide more targeted services and products tailored to meet their immediate and longer term needs. Threats: that vulnerable [...]

By |2018-02-15T14:31:19+00:00February 15th, 2018|Blog|0 Comments