Global credit crisis: support the London Declaration

The recent international conference on Responsible Credit in London has made a declaration calling on governments and banks to take action to protect vulnerable people during the economic crisis.

The campaign for fair finance

The declaration calls for a range of measures including:

Improved help for households in mortgage arrears
Enhanced court protection for borrowers with unsecured debts
Adequate debt advice services
An obligation for lenders to ensure people on lower incomes have access to responsible credit products
Improved governance of credit markets by actively involving consumers
A quasi-bankruptcy procedure for banks which instead of just applying the principle of "too big to fail" provides the intervening State with the right to replace management, to adjust claims and to protect public.

The Debt on our Doorstep campaign is urging all supporters to sign the declaration. You can read and sign the full declaration online.

(You can also read the full text of a speech given at the conference by Damon Gibbons, Chair of Debt on our Doorstep.)

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Church Action on Poverty is a national ecumenical Christian social justice charity, committed to tackling poverty in the UK. It works in partnership with churches and with people in poverty themselves to find solutions to poverty, locally, nationally and globally.