Mechanism Explained
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what is a vig Informational
- Market Activity
- Preventing Exploitation How can community-based organizations develop and implement peer support networks for individuals who have experienced or are at risk of high-vig loans
- Limiting Opportunities What are the potential benefits of establishing independent ombudsman services to handle complaints and disputes related to lending practices, including those involving suspected vigs
- Protecting Borrowers What is the role of technology in facilitating secure and transparent peer-to-peer lending platforms that could offer alternatives to high-vig lenders
- Digital Regulation
- Financial Crime
- Industry Standards How does a high vig impact a borrower
- Economic Consequences What are the potential benefits of promoting financial literacy from a young age to prevent future vulnerability to high-vig loans
- Gambling Context
- Clarity and Simplicity
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