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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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…
On the 4th of September, Eurofound held a workshop entitled "Addressing household over-indebtedness: debt advice services and debt settlement procedures in the EU" . The event was an opportunity for a variety of speakers and stakeholders to provide feedback and…
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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On the 18th of June, CEPS, ECRI and DG JUST of the European Commission held a joint seminar on the revision of the Consumer Credit Directive (CCD), discussing how the current rules work and ideas for improvement. The seminar focused…
On the 15th of May, Better Finance held a press conference presenting its 10 priorities for the next 5 years, ahead of the European elections on the 26th of May. While EU Policy makers have been focusing on financial stability…
The Annual Convention for Inclusive Growth (ACIG) is an action-oriented platform bringing together civil society organisations and policymakers to discuss how to achieve truly inclusive growth. Its fourth edition took place in Brussels on 20 May 2019, with different COFACE…
On the 8th of April, COFACE-Families Europe submitted a joint reply to the consultation on the revision of the Consumer Credit Directive (CCD). The joint reply, to which COFACE-Families Europe contributed, was coordinated by Finance Watch, of which COFACE-Families Europe…
On the 10th of April COFACE Families Europe joined the CoE-FRA-ENNHRI-EQUINET Collaborative Platform on Social and Economic Rights discussion on how the financial crisis and austerity measures impacted human rights and equality in Europe, and recommended policy tools to counter…
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…
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