Effective Oversight How can financial technology (fintech) solutions be designed to detect and prevent predatory lending practices involving hidden vigs
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what is a vig Informational
- Evidence Gathering
- Variations in Application
- Online Influence
- Rebuilding Lives How can the design of financial regulations be made more adaptive and responsive to the evolving tactics used by predatory lenders to charge hidden vigs
- Local Investment
- Information Sharing How can behavioral economics principles be applied to understand why individuals might fall victim to high-vig loans despite the risks
- Reporting and Intervention How can data privacy and security measures help protect individuals from being targeted by predatory lenders charging vigs
- Creating Opportunities How can the legal framework be improved to better distinguish between legitimate fees and charges and exploitative vigs in financial transactions
- Community Ownership
- Cost Comparison What are the ethical considerations surrounding the charging of a vig
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