The Church of England has launched a program encouraging responsible financial practices, providing advice services to congregants in parishes across the UK.
The Church Credit Champions Network will be piloted in the dioceses of London, Southwark and Liverpool and aims to “train up church members to offer responsible advice on financial matters”, according to a BBC report. In addition, the report says the program will “encourage consumers to use credit unions rather than payday lenders” following the “Archbishop of Canterbury’s criticism of payday lenders in July last year”. "We still see the effects of payday lending on deprived communities and the way they exploit people's need for credit," said spokesperson David Barclay. "We need alternatives.”
The corporate regulator addressed concerns with the new regime.
The digital solution has launched.
The digital platform for financial advisers and accountants has confirmed the new appointment.
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