Banking & Credit

Report: Alternatives to High-Cost Loans and Policy Solutions to Expand Affordable Options

Consumer Federation of America and Woodstock Institute published a report detailing alternatives to high cost loans and policy solutions to expand affordable options. This report provides an overview and analysis of the many alternative products and strategies employed by consumers when high cost credit is unavailable, and spotlights initiatives, products, and resources implemented and available from throughout the country. Alternatives discussed in the report will provide both resources for an individuals’ immediate budget shortfall and strategies for planning ahead for the next emergency.