RESPONSIBLE CREDIT - UK partner DOOD has launched its PROPOSALS for ACTION for responsible credit in the UK at a meeting in parliament today! DOOD Communication to its members: DEBT ON OUR DOORSTEP 'RESPONSIBLE LENDING' PROPOSALS This week Debt On Our Doorstep (DOOD) launched a clear action plan for government to sort out the emerging credit crisis that is ever growing for low- income households. The proposals were discussed on the Radio4 Today programme, BBC TV Breakfast News, Radio Five Live and others. This was followed by an excellent launch in the Houses of Parliament. There was considerable support from the cross-party panel of Mark Lazarowicz MP (Labour & Chairman of the Parliamentary Personal Debt Group), Vince Cable MP (Liberal Democrat acting leader) and Adam Price MP (Plaid Cymru). This is an excellent platform to build a cross-party platform for change. - You can read the proposals yourself at the link below - The proposals are being sent to every MP. We would like you to contact your MP to see how much they support the proposals? Please let us know what response you get by emailing info@debt-on-our-doorstep.com - Join us Our strength is as a diverse, grassroots network of advice centres , local authorities, national charities, credit unions, churches and others. Being a grassroots network we are not funded or guided by large credit businesses or government - unlike most other groups campaigning in this area. So we rely on organisations to join and individuals to affiliate. The more members we have the stronger we can advocate for a fair deal for low-income households. With thanks, Debt On Our Doorstep --------- Influenced by the work done together by the members of the Coalition over the past few years, Damon Gibbons as chairman of Debt on Our Doorstep, has launched the UK campaign for responsible credit in the UK. Based on a reflection of the situation of over-indebtedness, practices of predatory lending and resulting social and financial exclusion of our Anglo-Saxon fellow Europeans, DOOD has put forward its “RESPONSIBLE CREDIT PROPOSALS FOR ACTION”. The ECRC supports the activities of its leading UK partner in suggesting clear solutions for stakeholders to seriously consider. The announcement of the proposals and the high-level meeting in Westminster on 23rd October, attended by 40 persons including many Members of parliament, coincides with a conference organised by the British Bankers’ Association on the subject of “Responsible Lending” organised on the same day across the road from Parliament, to which minimal consumer input was sought. The launch, which has received sizeable media interest, will be followed by a campaign from the UK citizens towards their elected representatives culminating on the 23rd of November on what will be the inauguration of what will become the UK’s “Responsible Lending Day”. Attached below is the document on DOOD’s Proposals for Action, and a first Radio coverage from the morning before the event by the BBC where Damon Gibbons (DOOD) and Angela Knight (BBA) were asked questions simultaneously. Please forward to the 12th minute mark to the 18th minute mark to hear the initial comments from the banker’s side. The Proposal had not yet been released, but the BBA basically admitted to the existence of irresponsible lending in the UK – reminding that 40% of lending was from non-banks – before stating that it was the individual’s sole responsibility to look after his/her personal finances and that bank responsibility was about ABIDING BY THE BANKING CODE. Notwithstanding the time-constraint of the interview, the BBA was unable to satisfactorily reply to accusations that "reverse-redlining." (targeting of sub-prime consumers) was a practice prevalent in the UK, only mentioning basic bank accounts and support for Credit Unions as areas where banks were active in their efforts to serve the low income populations. More to follow in the coming days….. Also copied below are details of the (high entrance fee) conference by the BBA: -------------- RADIO PODCAST Money: BP results - 23 Oct 07 Andy Verity and Mickey Clarke present this morning's business stories, including: BP's Q3 results are out today, and although most businesses would be happy to report £2bn of earnings, this is a poor result for BP. We speak to industry experts about what this means for consumers in the UK. Also a campaign has been launched to urge banks to be more responsible lenders in an attempt to ease Britain's burgeoning debt problem, but will it work? And finally, tonight the BAFTA awards for the video games industry takes place, so we ask whether Britain will be taking pride of place on this international stage. Duration: 24mins | File Size: 12Mb (http://www.bbc.co.uk/radio/podcasts/money/) ----------------- BBA organised: RESPONSIBLE LENDING CONFERENCE 23 October 2007 Pinners Hall, Old Broad Street, London EC2 1EX Assessing the current shape of consumer borrowing in the UK PROGRAMME: 0900 Registration 0925 Chair's Opening Remarks Eric Leenders, Executive Director, British Bankers' Association 0930 KEYNOTE: The Conservative Party Perspective on Debt and Responsible Lending Mr Mark Hoban MP, Shadow Financial Secretary to the Treasury 1000 KEYNOTE: Economic Overview • UK PLC: On the up or on the verge of a downturn? • Implications for consumers and the state of the household balance sheet • Possible trends in mortgage and unsecured credit markets Martin Ellis, Chief Economist, HBOS 1030 KEYNOTE: Protecting Consumers in Today's Credit Culture • Ensuring transparency in all communications • Implemented a system to ensure no one is marginalised Peter Tutton, Policy Advisor, Citizens Advice 1100 COFFEE 1120 Consumer Credit Act - 'Unfair Relationships' • Understanding when a relationship is deemed to be 'unfair' • Customer challenges to unfair credit arrangements Louise Marfany, Assistant Director, Consumer Credit, Department for Business, Enterprise and Regulatory Reform (BERR) 1140 Irresponsible Lending and Licensing Requirements • Driving forward best practice for the industry • Assessing the role the banking code plays in promoting transparency • Reviewing customer fitness to hold a consumer credit licence Ray Woolley,Head of Credit Policy and Reform, Office of Fair Trading 1200 Treating Customers Fairly • Integrating TCF into business practices • Benchmarking the progress made so far • How has the industry responded to the changes? Chris Terry, Director, Deloitte 1220 Case Study on Data Sharing • Enabling informed decision making • Assessing the benefits of sharing information • An analysis of future challenges in data sharing Paul McCarron, Head of Industry Data Management, Barclaycard Corporate Affairs, Barclaycard 1240 Debt Management Legislation • Examining changes in the debt management framework • Dealing with Consumer Indebtedness- what are the options? • Assessing the impacts of the Enterprise Act on your organisation • What to expect from the Tribunals Courts and Enforcement Act Carl Stott, Managing Director, W3 Debt Solutions 1310 Conference Close and Networking Lunch ID: 40398 Author(s): SCR Publication date: 23/10/07     DOOD - Responsible Credit proposals for action in the UK (252517 Bytes) URL(s): Link to Proposals (on the DOOD website) Link to BBA event Link to BBC Radio 5-Live Podcast

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Created: 23/10/07. Last changed: 09/11/07.
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