Financial exclusionin France

Elodie DEBEUF Aurélien LAFAGEMaxime ROUGIER

National report

LLP-ERASMUSIntensive Programme

2014

ContentsIntroduction

1. Level and structure

2. Causes and consequences

3. Government role

4. Institutions and their actions

5. Other activities

6. CRESUS

Conclusion

“Financial exclusion refers to a process whereby people encounter difficulties accessing and/or using financial services and products in the mainstream market that are appropriate to their needs and enable them to lead a normal social life in the society in which they belong.”

• 500 000 households whose are akin to over-indebtedness

• A need to conduct researches

Introduction

“2% of the France population is financially excluded”

• Some groups of people way more affected :

- Sick people- Low incomes - Unemployed - Lone parents

- Disabled people- Youngest and oldest people- Ethnic minorities and migrants- Women VS Men

1. Level and structure

Causes

• Societal factors• Structural changes in labour

markets• The role of social assistance

programs• Demographic changes• Income inequality

Consequences

2 main dimensions :

• Affect the way in which individuals can raise, allocate and use their monetary resources.

• Social consequences are generated

2. Causes and consequences

• Multi-year plan against poverty and for social inclusion

Reducing the disparities :

• Implement mechanism to detect financial difficulties

• Struggling against the accumulation of bank fees

• National register of consumption credits

Fostering inclusion :

• Strengthening the right to bank account

• Developing a network of “budget advice points”

• Improving the treatment of the over-indebtedness process

3. Government role

• Multi-year plan against poverty and for social inclusion

Coordinating the social action :

• Creating an observatory of financial inclusion

• Main laws related to financial exclusion

• To separate and regulate the banking activities

• Project of law on consumption

3. Government role

4. Institutions and their actions

The Association for the Right to Economic Initiative

The French Bank Users Association (AFUB in French)

4. Institutions and their actions

The Association Bartholomé MASUREL (BM)

The National Observatory concerning Poverty and Social Exclusion

5.1 Other activities : “The Initiative Against Banking Exclusion”

Excluded people

5.2 Other activities : “The foundation Grameen Credit Agricole”

• Logo and description :

• Alsace (France)• Welcome, listen, guide people who are over-indebted ;• In 3 years : 18 associations in 14 regions

• Website :

• Activities :

• Conferences to prevent people from the over-indebtedness

• Trainings

6. CRESUS

• Actors :

• Creating policies, taking measures and informing

• Lack of statistics in France : studies have to be conducted

Conclusion

Thank you for your attention !!

Elodie DEBEUF Aurélien LAFAGEMaxime ROUGIER

National report

LLP-ERASMUSIntensive Programme

2014