Bank of England

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UK regulators promise reforms to help grow financial mutuals sector

Pledges include a review of credit union law and the launch of a Mutual Societies Development…

Analysts say the data reflects a need for affordable finance alternatives as the cost-of-living crisis continues…

The growth has been attributed to the decline of payday lenders and demand for affordable loans…

'This annual data shows that credit unions across Britain have stepped up to serve the needs…