Bringing together credit unions, community finance and mainstream banking to tackle financial exclusion and stop predatory doorstep lenders
Bob Paterson, Mick Brown, Pat Conaty
16 December 2004
The Community Banking Partnership developed by NEF, NACUW and Community Finance Solutions has drawn on the practical expertise of those working in the front line of financial exclusion.
It brings together credit unions, the community finance sector, mainstream banks and money advice agencies for the first time to deliver a ‘one-stop-shop’ approach to financial inclusion.
Traditionally, ‘doorstep’ lenders have been closer, louder and more immediately available. By joining up, and scaling up alternative finance, the CBP will offer a viable, easily accessible alternative for the most vulnerable.
It will offer financially excluded households a seamless service that is focussed on individual need, providing money advice and support that will help improve financial literacy, help with bill and debt repayments, and also deliver savings facilities, affordable loans and access to basic banking services in groundbreaking new partnerships across the UK.
The first of these is now underway in Birmingham, with another six regional areas being considered across England and Wales.
Banking & finance
DOWNLOAD THE REPORT
If you back a recovery plan based around great public services, protecting the planet and reducing inequality, please support NEF to build back better.
Beyond market neutrality in the ECB's corporate QE
Yannis Dafermos, Daniela Gabor, Maria Nikolaidi, Adam Pawloff, Frank van Lerven
20 October 2020
Ayeisha Thomas-Smith is joined by Michelle Meagher, author of new book, Competition is Killing Us and Grace Blakeley, staff writer at Tribune
06 October 2020
Decarbonising the Bank of England’s pandemic QE
Frank van Lerven
04 August 2020
Yannis Dafermos, Maria Nikolaidi, Frank van Lerven, Daniela Gabor