| Description:
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Report detailing the information collected from Exodus Lending about small dollar consumer loans, and the development of a character-based small dollar loan program, including: (1) the total number of loans granted; (2) the total number of participants granted loans; (3) an analysis of the participants' race, ethnicity, gender, and geographic locations; (4) the average loan amount; (5) the total loan amounts paid back by participants; (6) a list of the trusted community-based partners; (7) the final criteria developed for character-based small dollar loan program determinations; and (8) summary data on the significant barriers to mainstream financial products faced by participants.
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| Committee/Agency Jurisdiction:
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Commerce
Consumer Protection
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| Note:
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Report is mandated until the appropriations to Exodus Lending for FY 2024 and FY 2025 have been exhausted or canceled.
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