#small dollar loan

5 12, 2023


2023-12-05T17:00:21-05:00December 5th, 2023|2- Daily Briefing|

Bowman Calls for Bank-Driven Inclusive Finance

Federal Reserve Gov. Bowman today encouraged banks to offer more inclusive retail-banking products in part by making better use of technology.  Noting the Board’s 2020 statement on small-dollar lending, she notes that consumers are best served when products such as these come from regulated banks.


6 10, 2022


2022-10-06T11:10:21-04:00October 6th, 2022|4- GSE Activity Report|

How Low Can You Go?

FHA’s request for input on small-dollar loans could mean much for this equality-essential product or little beyond a lot more public debate.  It was issued concurrently with a high-profile Administration event on racial equity, coming also in concert with a new HUD report on small-balance mortgages (i.e., those with balances of less than $70,000) mandated under an FY22 appropriations measure.  Depending on what it does, HUD could do more for small-dollar loans than FHFA explicitly pressed in its equitable-finance plan, although Fannie and Freddie might come round to crafting some programs in the special-purpose credit programs they anticipate.


Go to Top