1-1 of 1 results for subject:Consumers
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Type
House
Session
Year
Department
Department for Business, Enterprise and Regulatory Reform (1)
Member
Primary member
More
Walker, Charles (1)
Answering member
Legislative stage
Legislation
Subject
Publisher
Does the Minister think that high street banks are doing enough to help people on low incomes to gain access to mainstream financial services? What measures are the Government taking to encourage the banks to do more than they are currently doing?
Does the Minister think that high street banks are doing enough to help people on low incomes to gain access to mainstream financial services? What measures are the Government taking to encourage the banks to do more than they are currently doing?
Asked by
Charles Walker
(Conservative)
Answering body
Department for Business, Enterprise and Regulatory Reform
Oral questions - Supplementary
Status
Answered
Answered on
22 May 2008
We would always encourage high street banks to keep under close review what more they can do to help low-income consumers and those who are in trouble. As the hon. Gentleman will know, the Treasury has embarked on various kinds of work with the banks, and, through a growth fund for third sector lenders such as credit unions and community development financial institutions, has provided some £38 million to expand that work. More than 76,000 loans have already been made to financially excluded consumers through growth-funded credit unions, and we seek to invest even more through additional funds that have been provided.
Subjects
Consumers; Bank services; Credit; Low incomes; Protection; Debt collection; Money lenders
Date
22 May 2008
Reference
476 c384
Chamber / Committee
House of Commons chamber
House
House of Commons