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APPG on Fair Banking retweeted
📢 On Wednesday @gareththomasMP will table the Financial Exclusion & Access to Finance Bill in parliament, taking action on access to #AffordableCredit through #FairBankingAct proposals.
Read about it in the @guardian today.
#FairBankingForAll
theguardian.com/business/202…
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On Monday we launched our Car Finance report. Current redress plans could short-change millions as lenders keep £7.4bn. It’s time for a fair redress scheme that restores compensation and trust.
Thanks @CourmacsLegal for sponsoring.
Report: appgbanking.org.uk/research
#CarFinance 🚗
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‘Michael Sheen’s Secret Million Pound Giveaway,’ released on Monday, shone a light on the issues with the UK’s credit system and the devastating impacts it has for people on low incomes.
See the full documentary here: channel4.com/programmes/mich…
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Our Chair, @HattonLloyd, spoke about the need for legislation and the importance of a Fair Banking Act in rebalancing the banking sector, as seen below.
@FBfACampaign @michaelsheen
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Tomorrow we're in Court on behalf of victims of the IRHP mis-selling scandal. The exclusion of so many SMEs from fair redress and the subsequent financial losses faced cannot be ignored.
See our Crowd Funding page for more information on the case 👇
crowdjustice.com/case/irhp-c…
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Great to host a reception yesterday with @CifasUK, discussing identity theft, AI and deepfake fraud. This well attended event demonstrated real momentum behind tackling fraud, from industry experts and parliamentarians, providing a great opportunity for constructive conversation.
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APPG Chair @lukejcr and @taxinparliament member @Phil_Brickell emphasised the damaging effects of fraud on people’s lives and the need for a holistic approach to combat the issue, pointing to the recommendations of our Economic Crime Manifesto 👇
economiccrimemanifesto2024.c…
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Other speakers, including experts from @CFS_RUSI, @NatWestGroup, Signicat, Cifas, and @CityPolice, offered crucial industry insight. Issues covered included the importance of data sharing and the need for more action from Government to address the vast scale of the fraud threat.
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Seven years too long – victims of the £1bn HBOS fraud are still left without the findings of the Dobbs review. Justice and transparency demand that the bank release the entire report; piecemeal "findings" aren't enough. It's time Lloyds provides overdue answers to those harmed.
Pressure builds over Lloyds refusal to commit to publishing long-delayed report into whether it covered up a £1bn lending scandal. Lord Tyrie, Baroness Morgan and a Lloyds staff union call for intervention of MPs
thetimes.com/business-money/…
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Compensation for Post Office Horizon victims is long overdue. This inquiry is a key step toward justice, but it’s crucial all sub-postmasters receive full and fair redress for the harm caused.
For recommendations, see our Compensation and Redress report👇appgbanking.org.uk/compensat…
EXCLUSIVE: A parliamentary inquiry looking at delays in compensation settlements for subpostmasters impacted by the Horizon scandal will be launched next week
itv.com/news/2024-10-29/parl…
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We echo this thanks to all who attended and spoke at Monday’s roundtable. It’s great to see the momentum that this campaign is gaining and we look forward to continuing our work with @FBfACampaign, working towards a fairer banking system for all👇
👏👏👏 A huge thank you to everyone who took part in our #FairBankingForAll parliamentary roundtable with @APPGbanking.
@MoneyMatix @lendologycic @michaelsheen @Alpkit @fsb_policy @ABCULCUs @TheFinanceLab
Find out more about the campaign here 👇
financeinnovationlab.org/our…
ALT 9 people stand in a row in a parliamentary committee room, smiling at the camera. Pop up banners behind them show the Fair Banking for All and the APPG on Fair Banking logos.
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Personal guarantees damage trust between SMEs and their lenders, and may ultimately stifle entrepreneurship and inhibit growth.
But more must be done to support SMEs, particularly improving access to suitable credit. See our SME manifesto here 👉 appgbanking.org.uk/news/sme-…
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1/ Great to hear valuable insights from contributors including @ABCULCUs @Alpkit @fsb_policy @lendologycic @MoneyMatix @TheFinanceLab at yesterday’s roundtable on the merits of a Fair Banking Act in the UK.
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3/ We were also joined by @michaelsheen, who shared his perspective after years campaigning for financial inclusion. His powerful testimony highlighted financial exclusion from the individual to the regional level, and the urgent need for change to improve people's lives.
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4/ This well attended roundtable, including APPG Co-Chair @DavidBSampson and fellow MPs @josephpowell and @DavidTaylor85, demonstrated that there is real momentum behind this campaign.
For more on the Fair Banking Act, visit the Campaign website here 👉financeinnovationlab.org/our…
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Financial institutions like Revolut must prioritise stronger security measures to protect customers from fraud. By improving safeguards and responding faster, they can reduce risks and maintain customer trust. Proactive steps against fraud benefit both the company and its users.
Jack watched helplessly as more than £150k was taken from his account. Is Revolut a safe place to deposit cash? bbc.in/4f4Sldx
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APPG on Fair Banking retweeted
Thanks to @FairByDesign for organising this #Lab24 panel on how a Labour government can support low-income consumers.
With @NewStatesman @HarryClrke @TulipSiddiq @martin_coppack @Fair4AllFinance @sarahporretta @Hannah_Gurga & @TheFCA.
#LPC24 #financialinclusion
ALT A row of 6 people (3 men and 3 women) sitting on chairs in front of a cream backdrop. One woman, Tulip Siddiq MP, is speaking into a microphone. The backdrop displays text at the top right saying 'The New Statesman Events'.
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Victims of the HBOS fraud scandal have waited over seven years for conclusions from the Dobbs review. An interim report could offer clarity and insight into what has transpired during this prolonged process.
See the @thetimes article by @jameshurley here👉thetimes.com/business-money/…
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A promising announcement from @bankofengland, outlining plans to reduce capital requirements for loans, which will support SME growth.
As a key recommendation in our recent SME Manifesto, we thoroughly support this move. See more of our manifesto here 👉appgbanking.org.uk/s/SME-Man…
Bank of England waters down plans to impose tougher capital rules on UK banks dlvr.it/TD84l4
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