Starter Homes, Electric Vehicles, and Poverty
Unintended Consequences
The Impact of Dodd-Frank on Small Dollar Mortgages
Exploring the repercussions of the Dodd-Frank Banking Act on small dollar mortgages, this chapter uncovers the challenges faced by first-time home buyers in obtaining affordable loans. The discussion reveals how the regulations unintentionally restricted access to credit, leading to a decline in property values and exacerbating income disparities in different communities. The chapter sheds light on the far-reaching consequences of financial regulations on wealth accumulation and economic opportunities.
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