Low income areas in the US are no longer ‘redlined’ by banks, thanks to the introduction of the Community Reinvestment Act in the 70s. Could similar legislation halt the rise of payday lenders in the UK?In 1960s America, if you lived in the wrong neighbourhood, you wouldn’t get credit. The practice of redlining blocked lending in particular areas – a red line on a map circled ‘unsafe’ zones where lenders wouldn’t go. And evidence grew of low income neighbourhoods, and in particular African American communities, only getting access to loans and mortgages on less favourable terms.
Regeneration-by-football is usually a failure. Here are some other ideas for how clubs can help their communities.I’m writing this on the way back from Liverpool’s pre-season friendly against Borussia Dortmund. The new-look Liverpool didn’t seem to miss Luis Suarez too much as the Red men harassed and harried their way to a 4-0 victory in the early August sunshine.