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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On the 22nd and 23rd of November 2018, COFACE Families Europe held a seminar entitled “Economics at the service of society”. The statement “Economics is too important to be left to economists" encapsulated the rationale behind this seminar. Indeed, it…
COFACE-Families Europe has sent a contribution to the HLEG on AI, commenting on the draft paper circulated ahead of a workshop organized on the financial services ecosystem (15th of February 2019). The draft paper focused on the issue of financial…
On the 10th of January, the Economic and Monetary Affairs (ECON) Committee of the European Parliament voted on the European Commission’s proposal to reform the European Supervisory Authorities (ESA), which include 3 bodies dealing with the financial supervision at the…
On the 14th of January, the European Commission has launched the consultation to gather information on the functioning the Consumer Credit Directive (2008/48/EC). The development of a deeper and fairer single market is one of the European Commission’s key priorities.…
On the 6th and 7th of December, Finance Watch held the 2nd edition of the Change Finance Forum, which brought together various stakeholders to discuss and exchange, with high level speakers and experts, how to make the financial system serve…
On the 5th of November, the European Parliament’s Economic and Monetary Affairs Committee adopted a draft regulation limiting charges for cross-border payments within the EU and for currency conversion services by a broad cross-party majority. COFACE-Families Europe has denounced so…
“Economics is too important to be left to economists.” This statement encapsulates the rationale behind our seminar which took place on 22-23rd November in Brussels where experts from different fields were confronted to each other, pushing boundaries, leaving their comfort…
“Economics is too important to be left to economists.” This statement encapsulates the rationale behind our seminar. Indeed, it would seem that economic considerations and arguments carry more weight than any other when it comes to move the dial in…
After last year’s resounding success where Finance Watch, a European NGO founded in reaction to the last financial crisis, welcomed 200 thought leaders from 19 countries and 4 continents they opened the registration for the second edition of the forum.…
On the 9th of October, Better Finance hosted an event to present the 2018 edition of their annual review of the real returns of pension funds. This 6th edition covers new EU countries and monitors the performance of EU pension…
On 27 September, one year after their first study on bank incident charges, UNAF France and the organisation “60 Millions de Consommateurs” published a new study on the abusive practices of some banks. This study reveals the recent implementation of…
On the 7th of June, CEPS, in partnership with ECMI and ECRI, held their Fintech Day where the discussion focused on the balance between innovation and regulation. COFACE Policy and Advocacy manager Martin Schmalzried spoke on the first panel session,…
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