Small Business Lending After the Financial Crisis: A New Competitive Landscape for Community Banks
Julapa Jagtiani and Cathy Lemieux
Community banks face growing competition, but also opportunities to partner with alternative lenders using technology to find borrowers and underwrite loans.
How Did the Great Recession Affect Payday Loans?
Sumit Agarwal, Tal Gross and Bhashkar Mazumder
This article answers two important questions: Did payday borrowing rise during the Great Recession? And did the use of payday loans expand beyond low-income borrowers to include more middle-income borrowers?