Out of touch allegations against the charities that have taken this action are unfounded. Yes, to the media led this issue may be past, but to those capable of touching thumb to finger tip it is clear that the government can easily allow the light self-regulations to be reduced, risking massive financial risk to the poor and sub-prime workers.
Clear and firm regulation is required, real regulation not the platitudes of Osborne nor the bluster of Cable. Both have called for greater responsibility from the financial sector, but neither have taken action with the power they posses to do so.
So yes, this call from the charities is correct and timely. I hope it adds to the calls for the government to prevent any reverse to the poor banking practices that have damaged economies across the world.