Consumer Finance
Our Consumer Finance Institute researches how people earn, spend, save, and invest, as well as how credit markets and payment systems affect the economy. Our goal is to foster a healthy consumer sector, a stable financial system, and a resilient regional and national economy.
Article
CFI in Focus: Large Bank Credit Card and Mortgage Data: A Tale of Two Portfolios
CFI in Focus – In July 2022, the Federal Reserve Bank of Philadelphia began publishing a new quarterly series of large bank credit card and mortgage data, also known as Public Y-14 data. The data come from regulatory reporting that the largest banks in the country are required to submit, based on asset and portfolio thresholds.
Labor, Income, Finances, and Expectations (LIFE) Survey
26 Mar ’24
The Labor, Income, Finances, and Expectations (LIFE) Survey collects data on topics related to the Consumer Finance Institute’s mission to better understand how people earn, spend, save, and invest, as well as how credit markets and payment systems affect the economy.
Event
Oct
24-25
2024
Workshop on Changing Demographics and Housing Demand: Call for Papers
Paper Submission Deadline: June 1, 2024
Working Paper
Bankruptcy Lawyers and Credit Recovery
WP 24-10 – The author studies how bankruptcy law firm advertisements affect credit recovery of households in financial distress.
Report
LIFE Survey Report – January 2024
This report is the first in a quarterly series on key observations from the Labor, Income, Finances, and Expectations (LIFE) Survey. Data from the survey provide insight into consumers’ recent financial lives and their future expectations.
Working Paper
How Much Does Racial Bias Affect Mortgage Lending? Evidence from Human and Algorithmic Credit Decisions
WP 24-09 – We assess racial discrimination in mortgage approvals using confidential data on mortgage applications.
Working Paper
Navigating Higher Education Insurance: An Experimental Study on Demand and Adverse Selection
WP 24-07 – For student loan borrowers, income-contingent repayment is designed to lessen student loan burdens by tying monthly payments to the borrower’s income.