Ep. 1.1: Access to Affordable Consumer Credit
Access: A Community Development Podcast from the Federal Reserve

Ep. 1.1: Access to Affordable Consumer Credit

2016-12-13
Most of us have needed additional cash at one time or another for unexpected and unbudgeted expenses such as medical bills or car repairs. Payday and auto-title loans are a quick solution to make ends meet in a bind, yet they usually come at a high cost. These loan storefronts are most typically found in lower-income neighborhoods because that's where consumers don't usually have emergency savings; they're living paycheck to paycheck. This episode highlights how this issue affects individuals and...
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