My name: Ripon Ray. I am a consumer debt and welfare rights specialist. I am a regular contributor to James Cannon's advice and information show on BBC Sussex. I have been on BBC Money Box, BBC London Radio and LBC.
I trained London's Institute of Money Advisors, Trust for London grants managers, Positive Money campaigners on a number of money and welfare rights related issues. I specialise in universal credit and am a registered money trainer with the Money Advice Trust.
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Alternative lending on Your Money Matters...with Ripon Ray
This week, CEO of Fair Finance gives the listeners an overview of the alternative lending industry. Prior to taking on the role of CEO, Faisel Rahman worked for the World Bank and Grameen Bank. He subsequently set up a microfinance service in East London, a debt advice project for local residents and founded Fair Finance in 2005. He speaks to me about the role of payday lenders, credit unions, peer-to-peer and other ethical lending.
I also had the opportunity to hear views from the members of the public as to what you think about alternative lending. If you have any money related ideas that you want me to cover just send me a message on www.commmunitymoneymatters.com
It’s a well-known fact that individuals who suffer from a hampered mental capacity - be it mental health or learning difficulties - are most likely to be vulnerable in our communities. They are also more likely to be victims of miss-sold products and services by companies, even though organisations that are providing financial products and services have a duty under the Financial Conduct Authority (FCA) to take extra care towards these individuals. This is what the FCA has to say about vulnerable customers: ‘ The vulnerability of the customer, in particular where the firm understands the customer has some form of mental capacity limitation or reasonably suspects this to be so because the customer displays indications of some form of mental capacity limitation (see ■ CONC 2.10) But due to a culture of intensive selling to consumers, generated by employers placing and enforcing - often difficult and unrealistic - performance goals which are attached to tempting
PUBLISHED: 09:02 13 March 2019 | UPDATED: 09:03 13 March 2019 Emma Bartholomew Ripon Ray: Picture: Rukya Khan Debt advisor and radio talk show host Ripon Ray tells Emma Bartholomew how he’s seeing more and more people who are unable to just pay the basic bills Ripon Ray: Picture: Nick De Marco Self-confessed “arty-farty creative” Ripon Ray originally set out to be a fashionista in life, when he “found his calling” and changed track to become an activist. He’d been studying at the London School of Fashion, but going on an anti-fascist protest “triggered a couple of things”. “I dumped my studies and went to Kingsley College where I was doing full-on activism, and organising protest marches,” he told the Gazette . “I loved it but I got kicked out of there because I was too much of an activist and I wasn’t focusing on my studies.” He knuckled under, bagged a history degree and started out in the charity sector as a housing advisor. Being mugged i