Yay! It's International Credit Union Day. Rejoice, rejoice

Written by Ashwin Rattan Thursday, 18 October 2012 14:45
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And to mark this most auspicious of days, Carl Packman writes in The New Stateman:

 

We know we have come a long way when Iain Duncan-Smith says, "for too long now predatory lenders have been plaguing the homes of vulnerable people."

 

But what does his government intend to do about it?


Not a lot so far.

 

He goes on to say:

 

Credit unions should enjoy continued investment, and in the last few years have received far more than £18m, so a lower rate home credit service could be feasible.

 

This is guaranteed to get people to join credit unions, and signposts a more creative approach to modernisation.


To read the full article, click here.


To find out, more about Carl's recent book on the subject, click here

 

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