HM Treasury publishes its "Call for Evidence on Credit Unions response"

Having received more than 80 responses to its "British credit unions at 50 Call for Evidence", HM Treasury has published its response with the following Summary of actions:

  • committing to fund the pilot savings programme established by the Archbishop of Canterbury's Credit Union Taskforce
  • tasking the PRA and FCA to use the evidence gathered by the Government in their review of the Credit Union Sourcebook
  • actively considering legislative amendments to be pursued in the next parliament
  • ensuring that all credit unions are engaged as the Credit Union Expansion Project begins to deliver more products

The response was published at the end of December and can be accessed here at https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/389657/credit_unions_response_to_call_for_evidence.pdf.