Fair4All Finance

Department for Digital, Culture, Media and Sport written question – answered on 5th June 2019.

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Photo of Kevan Jones Kevan Jones Labour, North Durham

To ask the Secretary of State for Digital, Culture, Media and Sport, what plans he has in place to ensure that the Fair4All Finance scheme is able to operate effectively with existing credit unions.

Photo of Mims Davies Mims Davies Assistant Whip (HM Treasury), The Parliamentary Under-Secretary of State for Digital, Culture, Media and Sport

Fair4All Finance launched earlier this year with the ambition to increase access to fair, affordable and appropriate financial products and services for vulnerable customers, with a particular focus on access to affordable credit.

Fair4All Finance is an independent organisation. It has in place a highly experienced Chair, and will appoint a similarly high calibre board. This group, along with the organisation’s executive, will determine the organisation’s strategy, including which partnerships will help it to be most effective in supporting the financial inclusion of low income consumers.

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