Economic abuse

Banks put family violence perpetrators on notice. Stop using accounts to commit abuse or risk being 'debanked'

Retrieved on: 
Tuesday, July 4, 2023

It happened when she was shopping for groceries with her kids, or refuelling the car.

Key Points: 
  • It happened when she was shopping for groceries with her kids, or refuelling the car.
  • That’s when she would discover her partner had cancelled the card or lowered the limit so she couldn’t buy essentials.
  • Ella* (not her real name) is one of about 1.6 million Australian women and 745,000 men who have experienced economic or financial abuse.

The highly disruptive tactics used by abusers

    • Perpetrators use a range of tactics, some of which are inadvertently enabled by bank products and services.
    • However, it may be possible to eliminate or reduce the need for these interventions with improved product design to prevent and disrupt abusers.

Taking action against perpetrators

    • It outlines steps banks can take to prevent their products being used as a weapon in domestic and family violence.
    • In banking, this means spelling out the bank’s rules and its expectations of customer behaviour in its terms and conditions.
    • These rules are the foundation of the contractual relationship with the customer and are relied on where there is a dispute.

Banks taking the lead

    • They will be the first Australian banks to signal to millions of bank customers they have a choice: abuse other customers and potentially lose access to their bank account, or behave with respect.
    • Implementation will be complex and the banks will need to proceed with caution.

Consequences for abusers who fail to stop

    • In this instance, there is the option of “de-banking” the customer which is not only a major inconvenience but also denies them access to an essential service.
    • It is instructive to examine the collective approach the banks have already taken to disrupt technology-facilitated abuse through payment descriptions.
    • It could also be informed by the Council of Financial Regulators’ de-banking policy recommendations on transparency and fairness measures.

Getting the public on board

    • Airlines make it clear jokes about terrorism are not okay, and patrons are ejected from sporting events for violence.
    • The widespread adoption of financial abuse terms and conditions and broad public communication will send a strong message to everyone with a bank account that financial abuse is unacceptable and has consequences.

Higher unemployment and less income: how domestic violence costs women financially

Retrieved on: 
Wednesday, May 17, 2023

Women in abusive relationships are more likely to be unemployed and earn less money than women with non-abusive partners.

Key Points: 
  • Women in abusive relationships are more likely to be unemployed and earn less money than women with non-abusive partners.
  • That’s among the key findings confirmed by a landmark international study by researchers from England, America and Finland, which charted the economic impact abusive relationships have on women.

What is economic abuse in a domestic relationship?


    We know from previous research that men use economic abuse to exert power over and exploit their female partners. It can involve using intimidation, threats, humiliation, emotional manipulation, isolation and physical violence to restrict their partner’s right to work and access to property, including
    • This abuse sabotages a woman’s independence and ability to leave the relationship by limiting her access to money and work outside the home.
    • Economic abuse is more common than many realise.

What did the new study set out to do?

    • The study’s authors linked information from unusually comprehensive police and economic databases in Finland to chart men’s economic abuse of their female partners.
    • The researchers compared women who had reported domestic abuse to police with a matched sample of women who had not reported abuse.

What did the new study find?

    • In other words, the negative outcomes were a product of the abuse rather than any characteristics of the victim-survivors.
    • The researchers were also able to identify that a negative impact on economic wellbeing occurred relatively early in abusive relationships.
    • The study also found that economic abuse usually preceded physical violence, but could also occur in relationships where there was no reported violence.

How to end this abuse?

    • Many consent and behaviour change programs include economic abuse as a recognised form of coercion and control.
    • It’s also important we find ways to improve financial literacy and provide more support for women seeking to leave abusive relationships.
    • Australian banks have already developed useful guidelines and are working with experts in domestic and family violence to promote understanding of this abuse.
    • It’s vital that we find ways to support women to deal with the predictable consequences of economic abuse.

The UK is offering payments to abuse victims – but it may not be enough to help them leave

Retrieved on: 
Friday, May 12, 2023

In partnership with Women’s Aid, the Home Office is attempting to combat this through a new scheme to support victims in leaving their abuser.

Key Points: 
  • In partnership with Women’s Aid, the Home Office is attempting to combat this through a new scheme to support victims in leaving their abuser.
  • The fund will provide a one-off payment of £250 to individuals experiencing abuse, and £500 if they have children.
  • Without access to funds, victims of abuse are unlikely to be able to take the necessary steps to leave an abuser if they wish to.
  • This could mean vouchers, cash or bank transfer – though this may not be appropriate where an abuser controls a survivor’s bank account.

How much does it cost to leave?

    • It is tricky of course to estimate what the cost of leaving an abuser actually is, and the number will vary depending on the case.
    • The Canadian charity Resilience has estimated the cost of leaving to be between £17,600 and £26,500.
    • According to Women’s Aid, security and safety of housing is the primary barrier for women attempting to leave an abuser.

The bigger picture of abuse

    • These include ensuring that there is proper law enforcement for perpetrators of abuse when such abuse is reported to the authorities.
    • We know that there are serious deficiencies when it comes to the police response to domestic abuse in England and Wales.
    • The 2020 Femicide Census notes that in 48% of cases, perpetrators had a known history of violence and abuse.

At times devastating, always powerful: new SBS drama Safe Home looks at domestic violence with nuance, integrity and care

Retrieved on: 
Thursday, May 11, 2023

Tasked with raising the centre’s profile amid rumours of funding cuts, Phoebe is quickly confronted with her own assumptions of the policies and services used to protect victim-survivors.

Key Points: 
  • Tasked with raising the centre’s profile amid rumours of funding cuts, Phoebe is quickly confronted with her own assumptions of the policies and services used to protect victim-survivors.
  • While shadowing prickly lawyer Jenny (Mabel Li) at the magistrate’s court on her first day, Phoebe reads through a list of intervention orders.
  • Safe Home, a new television series from SBS, is compelling, at times devastating, but always powerful in its commitment to articulating difficult truths around domestic and family violence with nuance, integrity and care.

Domestic and family violence in Australia

    • Safe Home offers an important critique of the assumptions and expectations that influence public understanding of domestic and family violence.
    • While the Australian government has recently launched a National Plan to End Violence Against Women and Children, experts have emphasised the significant, long term funding needed to meet its goal to end violence against women “in one generation”.
    • Read more:
      A new national plan aims to end violence against women and children 'in one generation'.

Telling stories of crisis

    • Safe Home was inspired by creator Anna Barnes’ experience working at community legal centres in Melbourne.
    • Diana (Janet Andrewartha) struggles to leave her controlling husband Jon (Mark Mitchinson), a retired teacher well-regarded in their small town.
    • Read more:
      New data shows 1 in 3 women have experienced physical violence and sexual violence remains stubbornly persistent

The personal becomes political

    • We encounter the spectre of strategies used against victim-survivors: physical abuse, economic abuse, verbal threats and put-downs, control and coercion, love bombing and revenge porn.
    • We are confronted with perpetrators who evade common stereotypes to appear, on the surface, likeable, friendly, charming and sympathetic.
    • The situations faced by victim-survivors intersect with – and are exacerbated by – current crises surrounding housing, homelessness and the cost of living.
    • In Safe Home, the personal becomes political.

WHITE GLOVE, INVESTWISE FINANCIAL, LLC. AND HAVEN COLLABORATE TO HOST FINANCIAL LITERACY EVENT

Retrieved on: 
Wednesday, April 26, 2023

BIRMINGHAM, Mich., April 26, 2023 /PRNewswire/ -- White Glove, a leading advisor marketing company, is partnering with HAVEN and InvestWise Financial, LLC., to provide survivors of intimate partner violence with free financial education and professional guidance in honor of Financial Literacy and Sexual Assault Awareness Month.

Key Points: 
  • BIRMINGHAM, Mich., April 26, 2023 /PRNewswire/ -- White Glove , a leading advisor marketing company, is partnering with HAVEN and InvestWise Financial, LLC.
  • By providing actionable financial education, White Glove and InvestWise Financial, LLC., aim to empower individuals who have taken the brave step towards personal freedom.
  • At the financial literacy event, White Glove and InvestWise Financial, LLC., will offer a comprehensive financial education program, including one-on-one financial counseling sessions, covering essential topics such as saving and planning for the future, life insurance, debt management, retirement accounts and savings strategies.
  • "We are grateful to have White Glove and InvestWise Financial join us in this important effort," said Christine Kinal, CEO of HAVEN.

nextOPP Search Founders Named to Entrepreneur's 100 Women of Influence

Retrieved on: 
Tuesday, October 25, 2022

CHARLESTON, S.C., Oct. 25, 2022 /PRNewswire-PRWeb/ -- Gail Tiburzi Buck and Rebecca Oppenheim, founders of leading executive search firm and Certified B Corporation, nextOPP Search, were recently recognized as part of Entrepreneur's 100 Women of Influence in 2022. The recognition seeks to elevate women changing their respective industries by influencing the world in real and concrete ways. Buck and Oppenheim were honored for their commitment to supporting women working towards financial security through their Hire One, Help One program. For every candidate hired through its firm, nextOPP donates career coaching services to a survivor of domestic violence.

Key Points: 
  • The recognition seeks to elevate women changing their respective industries by influencing the world in real and concrete ways.
  • Buck and Oppenheim were honored for their commitment to supporting women working towards financial security through their Hire One, Help One program.
  • For every candidate hired through its firm, nextOPP donates career coaching services to a survivor of domestic violence.
  • The Hire One, Help One program was developed in 2018, redefining nextOPP Search as a for-profit/for-purpose company.

Uber and Canary Partner to Launch Path to Safety Fund for US Drivers and Delivery People Experiencing Domestic Violence

Retrieved on: 
Wednesday, December 8, 2021

"We want to help ensure that drivers and delivery people on the Uber platform who are impacted by domestic violence can easily access resources that will help them on their path to safety."

Key Points: 
  • "We want to help ensure that drivers and delivery people on the Uber platform who are impacted by domestic violence can easily access resources that will help them on their path to safety."
  • The Path to Safety Grant Circle is a cash grant program operated by Canary, and funded by Uber.
  • This need is heightened for survivors of domestic violence, most of whom also experience economic abuse," says Canary CEO and co-founder, Rachel Schneider.
  • "Canary is pleased to partner with Uber and FreeFrom to help survivors access funds with dignity.

CCFWE and FinPowered Aim to End the Silent Reality of Economic Abuse

Retrieved on: 
Wednesday, November 10, 2021

Cases of domestic abuse in Canada almost doubled during the pandemic, with 93% of victims also experiencing economic abuse.

Key Points: 
  • Cases of domestic abuse in Canada almost doubled during the pandemic, with 93% of victims also experiencing economic abuse.
  • Those who experience economic abuse are five times more likely to experience physical abuse and other forms of gender-based violence including sexual and psychological abuse.
  • Moreover, when women experience economic abuse in the context of coercive control, they are at increased risk of homicide (Surviving Economic Abuse 2019).
  • CCFWE is the only Canadian not-for-profit organization dedicated to ending economic abuse through education, policy change, mentorship and economic empowerment.

CCFWE and FinPowered Aim to End the Silent Reality of Economic Abuse

Retrieved on: 
Wednesday, November 10, 2021

Cases of domestic abuse in Canada almost doubled during the pandemic, with 93% of victims also experiencing economic abuse.

Key Points: 
  • Cases of domestic abuse in Canada almost doubled during the pandemic, with 93% of victims also experiencing economic abuse.
  • Those who experience economic abuse are five times more likely to experience physical abuse and other forms of gender-based violence including sexual and psychological abuse.
  • Moreover, when women experience economic abuse in the context of coercive control, they are at increased risk of homicide (Surviving Economic Abuse 2019).
  • CCFWE is the only Canadian not-for-profit organization dedicated to ending economic abuse through education, policy change, mentorship and economic empowerment.

Survey: About One-Third of Teens May be in Financially Unhealthy Relationships; Seek Advice from Parents, who Also Struggle with Money

Retrieved on: 
Wednesday, September 29, 2021

Despite this, a significant percentage of teens (30%) have spoken with their parents or guardians on how to share expenses with a friend or romantic partner.

Key Points: 
  • Despite this, a significant percentage of teens (30%) have spoken with their parents or guardians on how to share expenses with a friend or romantic partner.
  • We believe financial literacy can be one tool in helping today's teens recognize and address unhealthy financial relationships with the hope of preventing future financial abuse."
  • The redevelopment includes new discussion topics and activities focused on aspects of both healthy and unhealthy financial relationships.
  • Since 2005, The Allstate Foundation has invested more than $85 million to disrupt the cycle of violence through financial empowerment.