by Renuka Sane.
Retail finance in India is once again in the news for reasons of fraud, this time in the form of the Saradha Group in West Bengal. There is a general sense that such schemes proliferate because of the failure of financial inclusion, and that better supervision by current regulators will bring . . . → Read More: Mis-selling: from impressions to evidence
by Anand Sahasranaman.
The recent approach paper of the Financial Services Legislative Reforms Commission has brought a fresh focus on consumer protection. What are the possible frameworks for financial consumer protection in India, and what would be the core elements of an ideal framework? This is the question that the IFMR Financial Systems Design . . . → Read More: Finding the right path in consumer protection
On Thursday, the U.S. Congress gave final approval to one of the most massive overhauls of country’s financial regulation ever. The legislative action ended more than a year of political disagreements over the scope of the new regulations.
The new law establishes an independent consumer bureau within the Federal Reserve to monitor against abuses . . . → Read More: Historic Financial Overhaul Begins Now