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Brief
On 05/12/2024, the HM Treasury issued an update regarding "Help for vulnerable Brits to access banking and credit in spotlight". A new Financial Inclusion Committee has been formed, comprising financial institutions such as Lloyds Banking Group, Aviva, and Experian, along with consumer groups like Citizens Advice and the Money & Mental Health Policy Institute. The committee aims to tackle financial exclusion by providing individuals with poor credit histories access to safe and affordable credit.
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