The District of Canterbury Credit Union
News, Articles, Features and Guides
13 Nov 2009 – FSA consultation welcomed by ABCUL
ABCUL, the main trade association for credit unions in Britain, has welcomed the publication of a consultation from the Financial Services Authority (FSA) which proposes a number of changes to the way that credit unions are regulated in preparation for new legislation coming into force next year:Changes to the credit unions sourcebook (CRED) will become necessary once changes to credit union legislation, expected in April 2010, are in place. The FSA is also taking the opportunity to review other aspects of credit union regulation after over 7 years experience of the sector. Changes proposed will increase the capital and liquidity requirements for credit unions. This will mean that the sector is better placed to take advantage of new powers such as the ability to provide services to organisations and offer guaranteed interest on savings.
The full consultation document can be accessed via: http://www.fsa.gov.uk/pages/Library/Policy/CP/2009/09_27.shtmlSpeech to the All Party Parliamentary Group on Credit Unions (HM Treasury Press Notice, June 2008)
'Rising popularity of payday loans poses threat of worse credit problems to come (The Times, June 2008)
"Williams calls on government to do more for the most vulnerable" (Ekklesia, April 2008)
Money Saving Strategies (by James Cross, Canterbury)
How can our local Credit Union help me? (Canterbury City Council, Tenants' News and Views, March 2007)
Guide to Credit Unions (by the Financial Services Authority)
Guide to Credit Unions (by "This is Money")
"Saving for Xmas" (by the Office of Fair Trading)
Warning about Loan Sharks (by "This is Money")
