Small-Dollar Lending: Is There A Responsible Path Forward?
AbstractThis report examines the problem of access to credit for low- and moderate- income households. It notes that this problem has two dimensions. On the one hand, there are millions of consumers without access to mainstream sources of consumer credit. On the other hand, many of these same consumers do obtain high-cost credit that ends up harming rather than helping them.
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Bibliographic InfoPaper provided by Center for Economic and Policy Research (CEPR) in its series CEPR Reports and Issue Briefs with number 2012-22.
Length: 31 pages
Date of creation: Aug 2012
Date of revision:
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More information through EDIRC
loans; economics; Consumer Credit Access; Innovation; and Modernization Act; H.R. 6139; pay day loans; inequality;
Find related papers by JEL classification:
- G - Financial Economics
- G2 - Financial Economics - - Financial Institutions and Services
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- D - Microeconomics
- D1 - Microeconomics - - Household Behavior
- D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
- K - Law and Economics
- K2 - Law and Economics - - Regulation and Business Law
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-09-16 (All new papers)
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