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Access: A Community Development Podcast from the Federal Reserve

This new podcast from the Community Development departments of the 12 Federal Reserve districts addresses important social issues like economic mobility, affordable housing, small business development and community reinvestment. Each episode showcases successful program models that provide access to opportunity for low- and moderate-income individuals and families. Join us as we ask community members and organizations across the U.S. about the challenges they face and what solutions they’ve found. (The information and views presented in this podcast do not necessarily reflect official positions of the Federal Reserve System and do not constitute an endorsement of any organization or program.)
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Access: A Community Development Podcast from the Federal Reserve
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Dec 13, 2016

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 families who find themselves in a crisis and showcases an initiative that provides an alternative to payday and auto-title loans called the Community Loan Center.

The information and views presented in this podcast do not necessarily reflect official positions of the Federal Reserve System and do not constitute an endorsement of any organization or program.

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