Microlending – or small loans (less than a few hundred dollars) – has become a popular, buzzed-about method of poverty relief over the last few decades. As of 2013, there were 211 million micro-borrowers worldwide; as of 2018, that number was nearly 240 million. The...
China is increasing regulations on websites that offer cash loans, amid growing concerns about lax regulation in the fast-growing market. According to Reuters, citing a report from China’s Caixin, Ji Zhihong of the central bank’s financial markets department said that the bank – along with...
October 30, 2017
China is increasing regulations on websites that offer cash loans, amid growing concerns about lax regulation in the fast-growing market. According to Reuters, citing a report from China’s Caixin, Ji Zhihong of the central bank’s financial markets department said that the bank – along with other authorities – has created a special regulation for controlling […]
