#affordable finance

[worldnewsstudio]

‘Priced Out of the Market’: UN Warns Developing Countries Trapped by Unfair Credit Ratings as Debt Costs Soar

UNITED NATIONS, New York — Developing countries are being systematically priced out of the affordable finance they desperately need for sustainable development, with sovereign credit ratings often overstating risk and overlooking long-term economic potential, the UN warned Monday. The current system, which relies on “outdated and incomplete information,” leaves nations unfairly penalized in…

‘Priced Out of the Market’: UN Warns Developing Countries Trapped by Unfair Credit Ratings as Debt Costs Soar

[neighbourhoodnews-blog]

Celebrating Bulwell Credit Union

Bill Blackamore, secretary of Bulwell Forest Action Group, looks back on how their local credit union helped people struggling to make ends meet. [Source: Nottingham Post 22 November 2013]

[neighbourhoodnews-blog]

City Council take a stance on payday loans

Plymouth City Council have announced that they won’t be allowing advertisements on bus shelters and city centre hoardings, and will be blocking access to many payday loan websites in libraries and community centres. The city has full cross-party support for their action, and at the same time is supporting the development of credit unions. They hope this move will encourage access to affordable lending and protect residents from high interest rates. [Source: Why we're fighting to make our city free of payday loan companies, The Guardian 24 July 2013]

[neighbourhoodnews-blog]

Payday lenders 'break pledges on reform'

A Citizens Advice survey says firms are still failing to treat customers fairly. Payday lenders have broken a series of promises to reform their industry, including pledges to check that their loans are affordable and to freeze charges when people struggle to repay, according to new research that raises fresh concerns about how they operate. [Payday lenders 'break pledges on reform' - Published on 26 May 2013 in The Observer]