Buy now, pay later loans target low-income, tech-savvy Gen Z and millennial consumers under the guise of improving financial inclusion for these groups.
(Shutterstock)
Are buy now, pay later services truly a new way to boost financial inclusion, or just another type of predatory loan?
Debt renegotiation between debtors (mostly older, minority women) and debt collectors (in green and from behind). December 2019, debt renegotiation fair in Vitoria (Espirito Santo) Brazil.
T. Narring
Isabelle Guérin, Institut de recherche pour le développement (IRD); Elena Reboul, Conservatoire national des arts et métiers (CNAM), and Timothée Narring, Université Paris Cité
In different parts of the world, managing debt on a day-to-day basis is a real job, and one that is mainly taken on by women.
Use of installment loans has grown dramatically in recent years – all without the regulatory scrutiny that tamped down on abuses in the payday loan market.
New Fed chair Jerome Powell has some tough choices ahead.
AAP
Republicans are hoping to eliminate or at least defang the only federal agency tasked solely with protecting consumers from financial abuses. What would we miss if they succeed?
Can an algorithm explain itself?
Robot decision via shutterstock.com
A European Union law will require human-understandable explanations for algorithms’ decisions. A team of researchers has found a way to provide that, even for complex calculations.
There will always be lenders happy to fund customers at high interest rates. But alternatives are needed for the financially excluded.
Image sourced from Shutterstock.com
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bills and stethoscope via vichie81/Shutterstock
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