Millions of families across the EU are in a situation of over indebtedness, millions more don’t have access to a basic bank account, another few million don’t have access to basic loans such as mortgage credit in order to buy a home where they can thrive as a family.

COFACE advocates for more responsible lending and borrowing via for example thorough credit worthiness checks and access to better information and independent quality financial guidance for families. COFACE also defends the right to the access of a basic bank account for all EU citizens without any form of discrimination. Finally, COFACE underlines the necessity for all families to have access to certain financial products such as mortgage credit, pensions and saving products to ensure that they can make long-term life investments which are essential for their family life.


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Family Lab: Financial Inclusion

Family Lab: Financial Inclusion

COFACE has always considered financial inclusion as one of its priorities, especially since access to some financial services like a basic bank account is a pre-condition for social inclusion. We encourage families to attend budgetary education classes that gives them…

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ESA Consumer Day – Financial Education

ESA Consumer Day – Financial Education

On the 28th of June, the three European supervisory authorities (ESAs – EBA, EIOPA, ESMA) held their yearly Consumer Day in Dublin. Martin Schmalzried represented COFACE-Families Europe and the consumer perspective on the first panel dedicated to the topic of…

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