A comparison of US and UK lending practices in disadvantaged communities
16 December 2006
UK banks could be doing much more to help some of the poorest people in the UK, simply by being clear and open about where they do business.
The report provides the first detailed comparison with the US, where banks have disclosed detailed information since the mid-1970s. It shows how information revealed by the banks has been used to combat financial exclusion in some of the most deprived areas of the US, and has played a pivotal role in ensuring that over US$4.2 trillion of loans and credit reach people living in low income areas.
NEF believes that bank disclosure in the UK could prompt a real shift in the way banks view, act in and invest in some of the UK’s most disadvantaged areas.
DOWNLOAD THE REPORT
If you value great public services, protecting the planet and reducing inequality, please support NEF today.
When the government thinks it can win votes by thinking up ever more cruel ways to treat people trying to make the UK home, how do we fight back?
06 February 2023
Through universal basic services we can ensure everyone has what they need and deliver it in a way that reduces our emissions
02 February 2023
Progressives are used to presenting facts and compelling evidence, but finding that people don't come running to support us. Why aren't our messages cutting through?
30 January 2023
7 things you should know about government finances
23 January 2023