{"id":6917,"date":"2017-01-24T13:51:24","date_gmt":"2017-01-24T13:51:24","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=6917"},"modified":"2018-03-07T09:57:02","modified_gmt":"2018-03-07T09:57:02","slug":"creative-fees-offset-georgian-attempts-at-cheaper-financing","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/creative-fees-offset-georgian-attempts-at-cheaper-financing\/","title":{"rendered":"Creative fees offset Georgian attempts at cheaper financing"},"content":{"rendered":"<p>Some lenders are setting traps for customers in their online services designed to compensate for financial losses suffered following stricter interest rate regulations imposed by the government of Georgia. One such example that has appeared is the \u2018Quick Transfer\u2019 service fee, which transfers loan funds to approved clients more quickly but also with a service charge of up to 20%. Although such services are voluntary, they are often defaulted as \u2018on\u2019 online, meaning that users have to pay for the service if they do not see and actively turn off the option.<\/p>\n<p>If Georgia is serious about making access to financing cheaper, then they will have to tackle this problem as service fees like this could end up making the cost of credit more expensive than before for the average consumer.<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-6917 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Digital banking: the future needing to be built today'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/digital-banking-the-future-needing-to-be-built-today\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/06\/banking-background-design_1212-250-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-10198\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-10198'>\n\t\t\t\tDigital banking: the future needing to be built today\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Humo launches revolutionary mobile application'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/humo-launches-revolutionary-mobile-application\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/09\/Humo-mobile-application-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-6772\" srcset=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/09\/Humo-mobile-application-150x150.jpg 150w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/09\/Humo-mobile-application-100x100.jpg 100w\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-6772'>\n\t\t\t\tHumo launches revolutionary mobile application\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='BFC FinTech Monitor 10th \u2013 16th November'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/bfc-fintech-monitor-10th-16th-november\/'><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/11\/4993cf0f-ce65-4831-8049-5ac3b43984631-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"rpbt-related-gallery-1-15539\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15539'>\n\t\t\t\tBFC FinTech Monitor 10th \u2013 16th November\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Some lenders are setting traps for customers in their online services designed to compensate for financial losses suffered following stricter interest rate regulations imposed by the government of Georgia. One such example that has appeared is the \u2018Quick Transfer\u2019 service fee, which transfers loan funds to approved clients more quickly but also with a service &hellip;<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,14],"tags":[184,129],"class_list":["post-6917","post","type-post","status-publish","format-standard","","category-fintech","category-georgia-fintech","tag-cybersecurity","tag-onlinelending","bulletin_edition-fintech-february-2017","b_post_type-regional-fintech-news"],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/6917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=6917"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/6917\/revisions"}],"predecessor-version":[{"id":6918,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/6917\/revisions\/6918"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=6917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=6917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=6917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}