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
The New Economics Foundation depends on its supporters’ generosity. If you value what we do, please consider making a donation.
Over a hundred experts have signed a letter calling for Andrew Bailey to use the Bank to tackle the climate crisis.
Frank van Lerven
04 March 2020
How central banks can address the financial risks and support a capital shift away from coal.
05 February 2020
The recession of a decade ago looms very large in our collective memory. But what actually causes a recession?
08 November 2019
We are campaigning for a fairer and more compassionate system
Unfair Debt Group
01 November 2019