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All Party Parliamentary Group on Debt and Private Finance

APPG Debt and Private Finance

Occasion 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 in the occasion included regulators, customer team and credit industry representatives plus the Minister.

Economic Secretary towards the Treasury, John Glen talked concerning the need for the Government’s credit agenda that is affordable. Mr Glen stated every person will need a form likely of credit at some time inside their titlemax loans reviews life. Therefore besides high price credit, which will be frequently improper, national is searching to offer individuals better choices.

Mr Glen stated the Government’s initiatives on affordable credit are the creation of Fair4All Finance, which was offered £55 million to aid expand supply of affordable loans. Ministers are seeking to produce a no-interest loan scheme – adhering to a feasibility research, Ministers aspire to forward take this during the next Budget.

Richard Lane, Director of exterior Affairs at StepChange Debt Charity stated while there’s no space for complacency, there’s also much to welcome through the FCA’s approach that is consumer-focused.

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