The Smart Campaign Requests Feedback on Responsible Pricing Paper

The Smart Campaign amended its Client Protection Principle “Transparent Pricing” to become “Transparent and Responsible Pricing” in December 2009. This principle states that pricing should be “both affordable to clients and sustainable for financial institutions.” In amending the principle, the Campaign affirms the importance of responsible pricing while recognizing that the current state of the practice does not now provide clear guidance or standards to define it.

In order to move in the direction of clearer guidance, the Campaign prepared the draft discussion paper Responsible Pricing: The State of the Practice  that examines the full range of approaches to responsible pricing of loans, from promoting competition, to return on equity limitations, to interest rate caps, to comparative transparency. This discussion paper is also available in Spanish.  

The Smart Campaign encourages discussion throughout the industry on this issue, and urges readers to respond to this Discussion Paper in the following ways:  

Send an email to comments@smartcampaign.org >>
Leave a comment on the Center for Financial Inclusion Blog >>

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