All Party Parliamentary Group on Debt and Private Finance

All Party Parliamentary Group on Debt and Private Finance

APPG Debt and Private Finance

Event with John Glen MP: A credit market that actually works for everybody

The APPG Debt and Personal Finance held an event on ‘A credit market that works for everyone: success and future challenges’ on Tuesday 7 May. Guest speakers during the occasion included regulators, customer credit and group industry representatives while the Minister.

Economic Secretary to your Treasury, John Glen talked in regards to the need for the Government’s affordable credit agenda. Mr Glen stated everybody will need a form likely of credit at some time within their life. Therefore besides high expense credit, which will be frequently improper, national is wanting to offer individuals better options.

Mr Glen stated the Government’s initiatives on affordable credit range from the development of Fair4All Finance, that has been offered £55 million to aid expand supply of affordable loans. Ministers are trying to produce a no-interest loan scheme – adhering to a feasibility research, Ministers aspire to forward take this in the next Budget.

Richard Lane, Director of exterior Affairs at StepChange Debt Charity lendgreen loans online stated while there’s no space for complacency, there’s also much to welcome from the FCA’s approach that is consumer-focused. (далее…)

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