APPG on Fair Banking

Working in Parliament to encourage a finance system that allows people to flourish and business to thrive. Retweets are not endorsements.

[Fair Banking for All @FBfACampaign]

📢 On Wednesday @gareththomasMP will table the Financial Exclusion & Access to Finance Bill in parliament, taking action on access to #AffordableCredit through #FairBankingAct proposals.

Read about it in the @guardian today.

#FairBankingForAll

https://t.co/3K93X4rpFE

[APPG on Fair Banking @APPGbanking]

On Monday we launched our Car Finance report. Current redress plans could short-change millions as lenders keep £7.4bn. It’s time for a fair redress scheme that restores compensation and trust.

Thanks @CourmacsLegal for sponsoring.

Report: https://t.co/yN0t6QpyTH
#CarFinance 🚗

[APPG on Fair Banking @APPGbanking]

Our Chair, @HattonLloyd, spoke about the need for legislation and the importance of a Fair Banking Act in rebalancing the banking sector, as seen below.

@FBfACampaign @michaelsheen

[APPG on Fair Banking @APPGbanking]

‘Michael Sheen’s Secret Million Pound Giveaway,’ released on Monday, shone a light on the issues with the UK’s credit system and the devastating impacts it has for people on low incomes.

See the full documentary here: https://t.co/vFQ0Cm5o2X

[APPG on Fair Banking @APPGbanking]

Tomorrow we're in Court on behalf of victims of the IRHP mis-selling scandal. The exclusion of so many SMEs from fair redress and the subsequent financial losses faced cannot be ignored.

See our Crowd Funding page for more information on the case 👇

https://t.co/RnIiPbWJmD

[APPG on Fair Banking @APPGbanking]

Other speakers, including experts from @CFS_RUSI, @NatWestGroup, Signicat, Cifas, and @CityPolice, offered crucial industry insight. Issues covered included the importance of data sharing and the need for more action from Government to address the vast scale of the fraud threat.

[APPG on Fair Banking @APPGbanking]

Great to host a reception yesterday with @CifasUK, discussing identity theft, AI and deepfake fraud. This well attended event demonstrated real momentum behind tackling fraud, from industry experts and parliamentarians, providing a great opportunity for constructive conversation.

[APPG on Fair Banking @APPGbanking]

APPG Chair @lukejcr and @taxinparliament member @Phil_Brickell emphasised the damaging effects of fraud on people’s lives and the need for a holistic approach to combat the issue, pointing to the recommendations of our Economic Crime Manifesto 👇
https://t.co/tqV80pA1sh

[APPG on Fair Banking @APPGbanking]

Seven years too long – victims of the £1bn HBOS fraud are still left without the findings of the Dobbs review. Justice and transparency demand that the bank release the entire report; piecemeal "findings" aren't enough. It's time Lloyds provides overdue answers to those harmed.

[James Hurley @jameshurley]

Pressure builds over Lloyds refusal to commit to publishing long-delayed report into whether it covered up a £1bn lending scandal. Lord Tyrie, Baroness Morgan and a Lloyds staff union call for intervention of MPs
https://t.co/QykfjZaMwG

[APPG on Fair Banking @APPGbanking]

Compensation for Post Office Horizon victims is long overdue. This inquiry is a key step toward justice, but it’s crucial all sub-postmasters receive full and fair redress for the harm caused.

For recommendations, see our Compensation and Redress report👇https://t.co/lpAW8mmPh1

[ITV News @itvnews]

EXCLUSIVE: A parliamentary inquiry looking at delays in compensation settlements for subpostmasters impacted by the Horizon scandal will be launched next week

https://t.co/FhbLkPZ8PJ

[APPG on Fair Banking @APPGbanking]

We echo this thanks to all who attended and spoke at Monday’s roundtable. It’s great to see the momentum that this campaign is gaining and we look forward to continuing our work with @FBfACampaign, working towards a fairer banking system for all👇

[Fair Banking for All @FBfACampaign]

👏👏👏 A huge thank you to everyone who took part in our #FairBankingForAll parliamentary roundtable with @APPGbanking.

@MoneyMatix @lendologycic @michaelsheen @Alpkit @fsb_policy @ABCULCUs @TheFinanceLab

Find out more about the campaign here 👇
https://t.co/DNi0wE7Tv6

[APPG on Fair Banking @APPGbanking]

Personal guarantees damage trust between SMEs and their lenders, and may ultimately stifle entrepreneurship and inhibit growth.

But more must be done to support SMEs, particularly improving access to suitable credit. See our SME manifesto here 👉 https://t.co/wEPpycMiZZ

[APPG on Fair Banking @APPGbanking]

4/ This well attended roundtable, including APPG Co-Chair @DavidBSampson and fellow MPs @josephpowell and @DavidTaylor85, demonstrated that there is real momentum behind this campaign.

For more on the Fair Banking Act, visit the Campaign website here 👉https://t.co/C8OFXeNnvk

[APPG on Fair Banking @APPGbanking]

1/ Great to hear valuable insights from contributors including @ABCULCUs @Alpkit @fsb_policy @lendologycic @MoneyMatix @TheFinanceLab at yesterday’s roundtable on the merits of a Fair Banking Act in the UK.

[APPG on Fair Banking @APPGbanking]

3/ We were also joined by @michaelsheen, who shared his perspective after years campaigning for financial inclusion. His powerful testimony highlighted financial exclusion from the individual to the regional level, and the urgent need for change to improve people's lives.

[APPG on Fair Banking @APPGbanking]

Financial institutions like Revolut must prioritise stronger security measures to protect customers from fraud. By improving safeguards and responding faster, they can reduce risks and maintain customer trust. Proactive steps against fraud benefit both the company and its users.

[BBC News (UK) @BBCNews]

Jack watched helplessly as more than £150k was taken from his account. Is Revolut a safe place to deposit cash? https://t.co/d3ZYZ3mhXI

[Fair Banking for All @FBfACampaign]

Thanks to @FairByDesign for organising this #Lab24 panel on how a Labour government can support low-income consumers.

With @NewStatesman @HarryClrke @TulipSiddiq @martin_coppack @Fair4AllFinance @sarahporretta @Hannah_Gurga & @TheFCA.

#LPC24 #financialinclusion

[APPG on Fair Banking @APPGbanking]

Victims of the HBOS fraud scandal have waited over seven years for conclusions from the Dobbs review. An interim report could offer clarity and insight into what has transpired during this prolonged process.

See the @thetimes article by @jameshurley here👉https://t.co/wwLZFwpFmA

[APPG on Fair Banking @APPGbanking]

A promising announcement from @bankofengland, outlining plans to reduce capital requirements for loans, which will support SME growth.

As a key recommendation in our recent SME Manifesto, we thoroughly support this move. See more of our manifesto here 👉https://t.co/oeIFNEk4Je

[Guardian news @guardiannews]

Bank of England waters down plans to impose tougher capital rules on UK banks https://t.co/tDMRZvZXxj