Financial exclusion in France Elodie DEBEUF Aurélien LAFAGE Maxime ROUGIER National report LLP-ERASMUS Intensive Programme 2014

Contents Introduction 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.” 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 LAFAGE Maxime ROUGIER National report LLP-ERASMUS Intensive Programme 2014