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.
RELATED NEWS:
Last year, Families Europe contributed to a Spanish book entitled “Preventing over-indebtedness: towards responsible lending and consumption” which is now available online (La prevención del sobreendeudamiento privado. Hacia un préstamo y consumo responsables), writing about the Belgian public credit register…
In the last few months, several troubling reports have been published and show a gloomy picture of the top banks in the financial services industry. First, as usual, the European Banking Authority (EBA) published an update of the main risks…
On the 23rd of March, the European Commission hosted a conference entitled #FinTechEU which looked at three key questions surrounding the emergence of Fintechs: how technology is transforming finance, regulatory and supervisory innovation, and security. The conference assembled mostly established…
The Think Forward Initiative is a multi-year movement bringing together a range of experts and research to find out how and why we make financial choices. The lessons learned will be a springboard for action to help consumers. On the…
Population Europe, a network of Europe's leading demographic research centres, has released a new discussion paper by Ann Zimmermann on social vulnerability. It is part of a series of in-depth insights into contemporary discussions among demographic experts from research, policy and…
COFACE Families Europe is supporting the move by EU consumer authorities, under the leadership of the French consumer authority and the EU Commission to call on social media websites to respect EU consumer law. We believe that even more needs…
The 19th edition of the European Consumer Day will be held on 21 March 2017 in Malta. What does the Digital Single Market (DSM) mean to consumers? What is its impact on our everyday lives and are we aware of…
This second Electricity Market Study investigated electricity market functioning for consumers in the EU, Iceland and Norway. The results of the study informed the Commission's legislative proposals for the “Clean Energy for All Europeans” package adopted in November 2016. It…
On the 22nd of February, Better Finance launched a searchable database of over 2332 investment funds - www.checkyourfund.eu - which informs potential investors on whether the fund they would like to invest in or already have invested in may be…
The latest annual review of Employment and Social Developments in Europe (ESDE) shows encouraging results. Around 3 million jobs have been created and employment has risen, pushing back poverty. However, unemployment remains high, with huge disparities across Member States. Labour…
On the 7th of December, the European Financial Inclusion Network (EFIN) of which COFACE-Families Europe is a member, held a conference on personal indebtedness in the EU in the EU Parliament, in cooperation with the ALDE group, hosted by MEP…
The General Association of Consumers – ASGECO-Confederación, launched a series of expert panels in the framework of their campaign “Consume Original, Be Authentic”. The campaign aims to raise awareness of consumers and users about the risks, both socio-economic and related…
COFACE Families Europe is supported by the EU Programme for Employment and Social Innovation (EaSI) This website is produced with the support of the European Commission but does not necessarily express its views - Copyright © 2015 COFACE Families Europe aisbl - All Rights Reserved