Think Tank Challenges Banks On Mental Health

Same Difference

Banks must offer basic account options, as given to other vulnerable people, to assist those struggling with mental health conditions, a think tank says.

Mental health problems affected everyday activities such as budgeting and paying bills, the Money and Mental Health Policy Institute (MMHPI) said.

Setting spending limits on cards and allowing people to set how banks contacted them would help, it said.

The trade body for High Street banks has vowed to improve inclusion.

In its mission statement covering 2016-18, the British Bankers’ Association said that the “crucial part of the industry commitment to raising standards” should include working with mental health initiatives.

Impulses

The MMHPI said one in four people could suffer from mental health issues in any one year. It has published research suggesting that periods of poor mental health put people at risk of financial trouble.

For example it found that people with depression or post-traumatic…

View original post 430 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s