Small-Dollar Lending: Is There A Responsible Path Forward?

Jim Campen

CEPR Reports and Issue Briefs from Center for Economic and Policy Research (CEPR)

Abstract: This 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.

Keywords: loans; economics; Consumer Credit Access; Innovation; and Modernization Act; H.R. 6139; pay day loans; inequality (search for similar items in EconPapers)
JEL-codes: D D1 D14 G G2 G21 K K2 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2012-08
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Persistent link: https://EconPapers.repec.org/RePEc:epo:papers:2012-22

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