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Google to Ban Payday Loan Advertisements
Google announced Wednesday that it will ban all payday loan ads from its site, bowing to concerns by advocates who say the lending practice exploits the poor and vulnerable by offering them immediate cash that must be paid back under sky-high interest rates.
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- Uncategorized
- Tags
- lending
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Online Lenders Already in Turmoil Facing U.S. Call for Rules
Marketplace lenders need to be more transparent about their business practices and some should be subject to additional oversight from U.S. regulators, according to a Treasury Department study released as the industry grapples with market turmoil and a scandal involving one of its leading firms.
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- Uncategorized
- Tags
- lending, regulations
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Equity Crowdfunding for Non-Rich People Is Coming
Today—unless you have a net worth of at least one million dollars, or an income of at least $200,000 per year—it is not legal for you to receive equity in exchange for backing a company on a crowdfunding site. But as of next May 16, Title III of the JOBS Act goes into effect, bringing equity crowdfunding to the 99%.
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- Uncategorized
- Tags
- crowdfunding, regulations
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Tight Government Regulation, Paucity of Innovation Limiting Crowdfunding Startups in India
Crowdfunding is globally a $16-billion industry and as per estimates, in 2016 with a total investment volume of $34 billion, it is likely to overtake the amount of equity funding from venture capitalists to startups which is $30 billion.
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- Uncategorized
- Region
- South Asia
- Tags
- crowdfunding, regulations
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Innovations in Financial Capability: Four Lessons For Providers
Building successful financial capability requires moving beyond traditional modes of product delivery and financial education. Accion identified several best practices from organizations that habitually learn from their clients’ needs and behaviors, and tailor their products to meet those needs and build capability. Here are four lessons from their new report on the topic.
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- Uncategorized
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Stanford University Business Program Takes Root in East Africa
Building on the success of its program in West Africa, Stanford Seed (http://www.gsb.stanford.edu/seed/home), the Stanford Institute for Innovation in Developing Economies, has announced the launch of the Seed Transformation Program in East Africa (http://www.gsb.stanford.edu/seed/transformation-program/east-africa).
- Source
- Press Release
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- Uncategorized
- Region
- Sub-Saharan Africa
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Op-ed: Marching to a Different Drummer: Social Enterprise Gains Popularity in China
Researchers Huan Chen, Juelin Yin and Florian Kohlbacher from the International Business School Suzhou (IBSS) at Xi'an Jiaotong-Liverpool University (XJTLU) in Suzhou explain why and how the idea of “social enterprise” is beginning to gain some traction in China.
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- Uncategorized
- Region
- South Asia
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Michael and Susan Dell Foundation Earmarks $50 Million for Indian Startups
The Michael and Susan Dell Foundation (MSDF), one the world's biggest philanthropic organisations, and an active impact investor in India, has earmarked an additional $50 million (about Rs 333 crore) towards investments in the country over the next three years.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- philanthropy
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