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Microfinance was meant to reduce poverty, but borrowers allege they have been victims of ‘predatory’ loans and repayment tactics, which have led to desperation and deaths Kwak Nga was still reeling from her husband’s suicide when his microfinance creditors showed up at her home to remind her that they still expected the approximate $170 (£140) monthly interest payments the couple had struggled to make.
Retailers fed up with interchange are trying numerous strategies to offset these costs, including piloting Pay by Bank use cases and even, in some cases, refusing to accept cards altogether.
This article Outlook for U.S. Central Bank Digital Currency Is Dim appeared first on The Financial Brand. Even as a few dozen other countries, including China, move forward with central bank digital currencies, any plans for a U.S. CBDC are still a long way off. This article Outlook for U.S. Central Bank Digital Currency Is Dim appeared first on The Financial Brand.
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