"Hard-up residents could soon be borrowing money from the bank of Haringey Council under plans to open a money-lending union to deter borrowing from loan sharks.
Subject to cabinet approval tonight (Tuesday), the council plans to set up a "local bank, for local people" to prevent financially struggling families from falling into spirals of debt.
It will cost £146,000 over the next three years to set up the union in partnership with Islington and City Credit Union Ltd."
Read the
full story at the Haringey Independent..............
Tags (All lower case. Use " " for multiple word tags):
-
▶ Reply to This