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Consumer Credit

News

What does good relending look like?

The Financial Conduct Authority ('FCA') is in the final stages of consulting on its proposals for a new Consumer Duty, which focuses on ensuring improved outcomes for users of financial services and products. In this briefing we consider how the proposed duty could help to address long-standing problems associated with ‘relending’ in the UK’s consumer credit markets.
News

What have timelords got to do with credit?

Prior to the lockdown, CfRC’s Executive Director, Damon Gibbons, participated in an event run by IFF Research about creative problem solving. His speech identified expenditure demands relative to income at specific points in time as the cause of most financial difficulty. Solutions need to help expenditure flex over time rather than focus on increasing temporary income levels through access to credit.
News

Developing new pathways to health and financial support

How you write your advertising copy will be based on where you will place your ad. If it’s a billboard ad, you’ll need a super catchy headline.
News

Social impact of Fair for You estimated at £50m

CfRC reports on the social impact of Fair for You. By providing fair, decent, and flexible loans to help low income families obtain essential household items including beds, cookers, fridges, and washing machines, Fair for You has not only eased their financial burdens but also had hugely positive impacts for their health and well-being, including that of their children.
News

CfRC reports to Commonwealth Central Bank Governors

Last year the Centre for Responsible Credit was commissioned by The Commonwealth to provide a discussion paper on rising levels of household debt and how to mitigate its impacts for households and economies.