NCRC | Global Fair Banking Initiative

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The Global Fair Banking Initiative (GFBI) is a cross-national collaboration to advance fair and inclusive financial systems everywhere in the world, along with effective standards and incentives that promote the highest professional benchmarks, best practices and responsive innovations from financial firms that are necessary to meet the evolving financial needs of diverse populations around the world.

This challenging work was initiated by the National Community Reinvestment Coalition and its international partners, with funding from the Ford Foundation. In the past 4 years, the GFBI formed collaborations with groups in Brazil, Mexico, Colombia, Guatemala, India, Bangladesh, South Africa, Japan, Germany, the UK and a total of 79 countries. That work laid the groundwork for significant industry-community-government collaborations which are now beginning to bear fruit. For more information on our recent work, see the GFBI Global Report.

NCRC and its global partners work locally and internationally to achieve fair and equal access to capital, credit and other financial services

» Click here to download the Global Fair Banking Initiative Report.

» Click here to join Global Fair Banking Listserve.

GFBI Highlights

Responsible Credit Conference London 2008

Global banking in crisis! Now is the time for Responsible Credit.

Taxpayers all over the world are now footing the bill to rescue banks. Yet, it is households who are feeling the worst effects of the meltdown in the global financial system. Mortgage rates are rising after consumers have been encouraged to take on excessive housing debt, savings and pensions are threatened, and unemployment is rising. Irresponsible lending practices are the cause of this crisis. Excessive financial risk was passed down from banks to the public. Now the banks have lost faith in households to manage these, lost trust in each other’s ability to repay debts, and the supply of finance has frozen over.

The response to this crisis must involve immediate support for households, but it must also lay the ground for new rules to govern the future provision of credit. See http://www.responsible-credit.net/index.php?id=2688 for more.

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