{"id":9868,"date":"2018-06-08T15:06:28","date_gmt":"2018-06-08T15:06:28","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=9868"},"modified":"2018-06-08T15:06:28","modified_gmt":"2018-06-08T15:06:28","slug":"georgia-works-to-balance-demand-for-online-loans-with-proper-regulations","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/georgia-works-to-balance-demand-for-online-loans-with-proper-regulations\/","title":{"rendered":"Georgia works to balance demand for online loans with proper regulations"},"content":{"rendered":"<p>The government of Georgia is working to find a proper balance between regulating online loans and allowing online lenders the flexibility they need to meet consumer demands. Economic Minister Dimitri Kumsishvili noted that, in an attempt to protect consumers from exorbitant interest rates, the first attempt of government reform actually hurt many people\u2019s access to the financing they needed. Many feared that this first reform attempt would actually drive people to the black market, although this did not appear to have happened.<\/p>\n<p>What the government has learned is that demand for online loans will not go away. People want to borrow money, and they want to borrow it conveniently.<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-9868 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Armenian government to stay out of cryptocurrency market'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/armenian-government-to-stay-out-of-cryptocurrency-market\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/03\/bitcoins-falling-illustration_1262-6777-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-9251\" loading=\"lazy\" srcset=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/03\/bitcoins-falling-illustration_1262-6777-150x150.jpg 150w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/03\/bitcoins-falling-illustration_1262-6777-300x300.jpg 300w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/03\/bitcoins-falling-illustration_1262-6777.jpg 626w\" sizes=\"(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-1-9251'>\n\t\t\t\tArmenian government to stay out of cryptocurrency market\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='BFC FinTech Monitor 16th \u2013 23th October'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/bfc-fintech-monitor-16th-23th-october\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/10\/hYQSYz1-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-15460\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15460'>\n\t\t\t\tBFC FinTech Monitor 16th \u2013 23th October\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Cash vs card: Kyrgyzstan\u2019s move towards non-cash payments'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/cash-vs-card-kyrgyzstan-s-move-towards-non-cash-payments\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/09\/kg-non-cash-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-10811\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-10811'>\n\t\t\t\tCash vs card: Kyrgyzstan\u2019s move towards non-cash payments\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The government of Georgia is working to find a proper balance between regulating online loans and allowing online lenders the flexibility they need to meet consumer demands. Economic Minister Dimitri Kumsishvili noted that, in an attempt to protect consumers from exorbitant interest rates, the first attempt of government reform actually hurt many people\u2019s access to &hellip;<\/p>\n","protected":false},"author":5,"featured_media":9923,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,14],"tags":[129,75,335],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/9868"}],"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\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=9868"}],"version-history":[{"count":6,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/9868\/revisions"}],"predecessor-version":[{"id":10081,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/9868\/revisions\/10081"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/9923"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=9868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=9868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=9868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}