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Forced arbitration clauses have become almost unavoidable in contracts for financial services and products ranging form credit cards to private student loans. This report examines how the financial services industry uses these clauses to defeat consumers' rights and evade accountability for...
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This note provides: (1) an overview of new manifestations of consumer risks that are significant and cross-cutting across four key fintech products: digital microcredit, P2PL, investment-based crowdfunding, and e-money; and (2) examples of emerging regulatory approaches to target such risks....
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, and its regulation. It makes two principal contributions. First, taking a historical perspective, it examines the … evolution of consumer financial privacy and its regulation under English law, from the duty of bank confidentiality to cross …-sectoral data protection regulation. It demonstrates that this evolution has been shaped directly by the rise of fintech. Second …
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even think of BNPL as traditional credit, perceive these offerings. This Note proposes a novel framework for the regulation …
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Financial inclusion and financial literacy are receiving increasing attention for their potential to contribute to economic and financial development while fostering more inclusive growth and greater income equality. In general, the progress of financial inclusion and financial development in...
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We show that financial advisors recommend more costly products to female clients, based on minutes from about 27,000 real-world advisory meetings and client portfolio data. Funds recommended to women have higher expense ratios controlling for risk, and women less often receive rebates on upfront...
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