IMPORTANT NOTICE: The date, time, and room assignment of YOUR presentation is SUBJECT TO CHANGE.
Proposal authors can use this tool to see where they have been placed in the program agenda for an Oral or Poster Session.
Scroll down to search by the Submitter or Author Name, by Date/Time, or by Keywords.
Confirm your place in the schedule by following the instructionss that were emailed to you. Each presentation must have a separate paid registration. Contact the ACCI office immedicately by email at admin@consumerinterests.org to report any conflict, all corrections to the details of the presentation (including author names and the order they are listed as this is how it will be in the final program), or if you have any questions. Please be sure to reference the session title(s), date(s), and time(s) when you contact us.
A1a Access to Alternative Financial Services and Consumer Borrowing: Does Financial Capability Matter?
Short Description
This study examines the association between the availability of alternative financial services (AFS) in the geographic area and consumers’ use of AFS products and whether consumers’ financial capability moderates the effect of access. The 2021 wave of the National Financial Capability Study (NFCS) is used. Results from this study revealed that a greater density of AFS lenders in the area predicted higher probability and frequency of use, and financial capability remained an overall strong negative predictor of AFS use. The findings further suggest that financial knowledge and perceived money-management capability might negatively moderate the effect of AFS lender density on individual AFS use. We also found indications that payday bans are linked to an increased use of other types of AFS products. Implications for policymakers, scholars, and researchers are discussed.
Type of presentation
Accepted Oral Presentation