Dear MsWarren, What an important challenge you face in bringing the new Consumer Financial Protection Bureau into being

When a story on microfinance appears in major media outlets, the effect on the public image of the sector can be dramatic That's why last Friday's article in the Wall Street Journal, "India's Major Crisis in Microlending," requires a response

Academics who wield sophisticated statistical tools to assess complex social phenomena like microfinance give answers with more precision, but they don't always spend much time explaining their results to a broader public And the press likes to give stories hard-hitting headlines whenever they can

WASHINGTON (MarketWatch) -- The world is in the midst of a banking revolution that has nothing to do with exotic financial engineering It's in microfinance, or the provision of financial services to poor people worldwide

In a rather remarkable collective mea culpa, the G-20 leaders, following their emergency summit in November, issued a joint diagnosis of “the roots of the current crisis” in world financial markets: Market participants sought higher yields without an adequate appreciation of the risks and failed to exercise proper due diligence