Still in 2010 not only the British government but also the Personal Finance Research Centre, and Project Associates, a consultancy study for Providential with regard to Poland rely their findings on statistics which miraculously increase by number every year and relate to a survey of poor people with still unknown questions, methodology, selection criteria and identity of the researchers including their access to language and people in other countries.
iff has met Policis people in the English parliament years ago but did not get any illumination about how such results could be found which among others state that in Germany many poor people are excluded from credit and 8% of German consumers have access to illegal credit because of its usury restrictions restrictions. Similar findings have been produced for France. To the French and German members of ECRC such findings with regard to the existing uncited vast research in these countries are astonishing and can finally only be explained by the intention of the mandators to produce a picture of the effects of interest rate ceilings which would underpin the UK attitude of free credit markets.
In 2006 DOOD asked iff within the frame of the European Coalition for Responsible Credit (ECRC) to provide information on access to credit for people with moderate means in Germany especially with regard to the impact of usury ceilings and the existing interdiction for non-banks to provide money credit to answer questions of the UK Office of Fair Trading.
Attached below is the comment to DOOD from iff “Access to Credit for Poor People in Germany - The impact of usury ceilings as well the bank monopoly in consumer credit extension on Consumers with moderate Means” (Expert Opinion for DOOD (Debt on our Doorstep), Hearing of the UK Office of Fair Trading, August 2009) To our knowledge the British government never used this additional information and according to a letter to the German government also did in quire in Berlin about the quality of this research. Recent expertise used by the banking side now again recurr to these questionable data which renders this new publication of the critique more than necessary
Also attached is the DOOD submission to the OFT. |
