Local Practices What are the challenges in measuring the true extent and impact of illegal lending involving vigs
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what is a vig Informational
- Risk and Reward What are the potential benefits of investing in research to better understand the motivations and decision-making processes of both lenders who charge high vigs and borrowers who take out such loans
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- Ethical Boundaries How does the vig compare to the implicit costs associated with informal borrowing within communities
- Building Relationships How does the vig influence the development of sophisticated techniques for money laundering and concealing the proceeds of illegal lending and gambling activities
- Effective Deterrence How can the legal system be adapted to better address the unique challenges posed by online and digital platforms in the context of predatory lending and the charging of disguised vigs
- Combating Organized Crime What are the ongoing research and studies focused on understanding the impact of vigs on individuals and society
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- Reputation Management What are the potential benefits of establishing a national database of complaints and enforcement actions related to predatory lending practices, including those involving vigs
- Ethical Platforms What are the key lessons learned from historical attempts to regulate or eliminate usurious lending practices
- Community Impact What are the potential benefits of strengthening international law enforcement cooperation to target and dismantle transnational criminal organizations involved in high-vig lending and related illicit activities
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