Local Councils can play a key role in supporting the growth of ethical alternatives to so-called legal loansharks, says a new publication from the Co-operative Party and the Association of British Credit Unions (ABCUL).
Launched at the Co-operative Partys Annual Conference in Cardiff, Credit Unions and Government: Working in Partnership details how local councils can support the formation and expansion of credit unions in their area.
The guide has been published in response to growing concern among local councillors about the levels of unsustainable debt building up in communities. This debt is rising in part due to the growing number of payday lenders on the high street. Councillors fear this will be exacerbated by upcoming changes to…
Read the full article at: http://www.thenews.coop/108831/news/co-operatives/local-government-must-help-residents-avoid-debt-trap/