Religious Intelligence: Bishop backs credit unions

Posted by Kendall Harmon

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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Filed under: * Anglican - EpiscopalAnglican ProvincesChurch of England (CoE)CoE Bishops* Economics, PoliticsEconomyThe Banking System/SectorThe Credit Freeze Crisis of Fall 2008/The Recession of 2007--* International News & CommentaryEngland / UK

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Posted December 24, 2009 at 5:23 am [Printer Friendly] [Print w/ comments]
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