This consultation* was launched last June by the European Commission. The RFA, ECDN and EAPN joint response stresses the crucial need to ensure more responsible credit and other adequate financial services for people experiencing poverty, particularly in the context of the current economic crisis.
It focuses on the regulation of credit products – so as to eliminate all unethical products -, access to credit, improvement of creditworthiness assessment obligations and incentives to develop community banks.
* This consultation follows the "Financial inclusion: Ensuring Access to a basic bank account" consultation launched by the EC in February 2009. Read EAPN’s response to it.