Archbishop of Canterbury, Justin Welby speaks in a parliamentary debate on high-cost loan companies and advocates for a cap on the rates the firms can charge.
In a subsequent July 2013 interview with Total Politics magazine the Archbishop says, ‘we’re not in the business of trying to legislate you (high cost lenders) out of existence, we’re trying to compete you out of existence’. He went on to suggest that credit unions offered an alternative to high cost lenders and that the church was committed to seeing the sector grow.
Sir Hector Sants, former chief executive of FCA, appointed to lead Archbishop of Canterbury’s two-year Task Group on Responsible Credit and Savings.
Launch of Church Credit Champions Network in London, Southwark and Liverpool to help churches engage with issues of money and debt in their communities.
The FCA introduces a cap on the cost of credit.
Churches Mutual Credit Union launches for employees and office holders in 7 denominations including the Church of England and the Catholic Churches in England & Wales.
LifeSavers 6-month pilot begins in six primary schools in three areas; SE London, Leeds & Bradford, Nottinghamshire.
LifeSavers roll out begins – over 3 years to 120 schools plus free CPD sessions for a further 250.
Archbishop of Canterbury’s Mustard Seed Appeal launches to raise funds for Just Finance Foundation programmes.
Just Finance Foundation established as a charity with Archbishop of Canterbury as President.
Board of trustees appointed with Sir Douglas Flint, former Group Chairman of HSBC, announced as Chair.