Responsible Digital Credit

This report from Centre for Financial Inclusion outlines the digital credit landscape and the risks customers face, and examines the best practices, standards and initiatives that exist or should be implemented to improve consumer protection in digital lending. Ultimately it will take a village to ensure that digital credit clients are protected—including governments, regulators, industry players, advocates and consumers themselves. The report identifies three key activities: 1) industry self-regulation, 2) certification of digital credit providers, and 3) directly empowering consumers, as key to the future of what responsible digital credit looks like.