In challenging economic times, financial consumer protection is more important than ever.
The G20/OECD High-Level Principles on #FinancialConsumerProtection are the intl standard for FCP. They are now updated, adopted by @OECD and endorsed by #G20
ā¹ļø oecd.org/finance/high-level-ā¦
Looking forward to participating in a panel next week about consumer vulnerability, and sharing how regulators are working to support and protect financial consumers experiencing vulnerability
āThere is a difference between making a user platform easy to use and creating a user platform that feels like a video game, that doesnāt feel like Iām taking a lot of risk"
@FTon.ft.com/3lbCtgu
Epidemics occurring in the last decade appear to have induced significant changes in the adoption of new financial technologies. But those behavioral changes are not equally striking everywhere.
promarket.org/2021/08/10/theā¦
The new paper finds that medical debts are higher in poorer neighborhoods. In the lowest-income ZIP codes that researchers studied, people owed an average of $677. Those in the highest-income ZIP codes owed an average of $126. nytimes.com/2021/07/20/upshoā¦
Start March off right with my report for @newrepublic about the apps that promise to help low-income workers stabilize their finances merely by allowing them early access to their paltry wages ā for a fee, of course. newrepublic.com/article/1614ā¦
"In the absence of regulatory guardrails, some programs can perpetuate, and in some instances exacerbate, the very risks providers claim to eliminate when displacing short-term creditors like payday lenders."
Are you passionate about privacy, security, or digital rights?
CR's Digital Lab is now accepting applications for paid, non-resident fellows to uncover & solve for consumer harms in the digital world. 5/7 Deadline.
H/T @SloanFoundation@craignewmarkdigital-lab.consumerreports.ā¦
"Also driving this rising debt load are soaring medical costs, the steep decline in pensions, growing housing expenses and low interest rates on savings. "
The zombie economy shambled on. Tech built undeletable, always-on kill-switches, lo-jacks, and spyware into an ever-expanding constellation of devices, like laptops.
theatlantic.com/technology/aā¦
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dEMocRaTiZe fInAnCe!!! Lol. This is insanely irresponsible. The people targeted by a post like this are NOT the ones who should be investing in individual stocks. Pick a low-cost index fund, set it and forget it. Don't listen to @MileyCyrus. Don't @ me.
Nothing is more important than investing in yourself. I want to spread ownership to as many people as I can, so Iām teaming up with @CashApp to give out $1 MILLION in stocks. Share your $Cashtag & favorite company name for your chance to ownš#INVESTINYOU#partner#15YearsofMiley
Does anyone have any contacts at Yerer Hospital in Addis Ababa, Ethiopia? My father is hospitalized there w COVID & Iām having a hard time getting info.
@DrTsion