A modest increase in micro-lending to those in need could help lift to 10.5 million people out of poverty. This is one of the conclusions from my …
Sanders and AOC want to cap interest rates on consumer loans at 15% – here’s why that’s a bad idea
Senator. Bernie Sanders and Rep. Alexandria Ocasio-Cortez are seeking to limit the interest rate for consumers for the purpose of trying to cut down on “sky high” …
Why companies file for bankruptcy – and how it protects both debtors and creditors
There are reports that Purdue Pharma is in settlement talks to resolve a number of state and federal lawsuits concerning its role in fuelling the …
South African banks need to do more to ensure financial inclusion
A review of the financial integration of the population in South Africa shows that affordability restricts poor households’ access to financial services that are formalized. In …
Food prices in Nigeria have shot through the roof. But is the pandemic to blame?
COVID-19 has had a devastating impact on the global economy. Infection rates are rising. Have triggered social distancing guidelines, constant locking downs, the shutting of firms, travel …
Store credit cards generate corporate profits and disgruntled workers
The clothing retailers offer their customers more than sweaters and jeans. Large apparel companies also sell credit cards, usually with expensive fees, such as the one …
Proclaim debt amnesty throughout all the land? A biblical solution to a present-day problem
Debt from student loans is among the most arduous kinds of debt in America currently. According to a number of statistics, approximately 43 million Americans are in …
Islamic finance provides an alternative to debt-based systems
For many years, Muslims in North America have been struggling to find ways to buy houses while adhering to Islamic law, also known as the …
How debt-for-climate swaps can help solve low-income countries’ crushing debt and environmental challenges at the same time
Barbados Premier Mia Amor Mottley addressed the nation’s parliament in the United Nations General Assembly in September concerning the increasing debt that many countries in the developing …
Credit payment holidays reduced the mental health effects of debt during COVID – new research
Other nations like the UK have implemented a variety of measures to reduce the impact of the COVID-19 virus on people’s economic situations. While we’re aware …