The Anglican Bishop of Salisbury has backed a move aimed at supporting mutuals and credit unions.
The Co-operative and Community Benefit Societies and Credit Unions Bill introduced in the House of Lords by Labour peer Lord Tomlinson would reform the regulations governing the sector.
Bishop David Stancliffe said: “The reality is that there is a big gulf between those who have access to credit and those who do not. We need to support this timely Bill.
“With the mainstream banking sector in some disrepute, customers need a reliable and honest home for their money.
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Religious Intelligence: Bishop backs credit unions
The Anglican Bishop of Salisbury has backed a move aimed at supporting mutuals and credit unions.
The Co-operative and Community Benefit Societies and Credit Unions Bill introduced in the House of Lords by Labour peer Lord Tomlinson would reform the regulations governing the sector.
Bishop David Stancliffe said: “The reality is that there is a big gulf between those who have access to credit and those who do not. We need to support this timely Bill.
“With the mainstream banking sector in some disrepute, customers need a reliable and honest home for their money.
Read it all.