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.
Discussion Paper
Which Debt Payments Do Borrowers Prioritize? Evidence from 2025–2026 Consumer Survey Data
DP 26-01 – This paper uses survey data to examine how consumers prioritize their monthly debt payments for housing (including rent), auto, credit card, and student loan debt when they are unable to pay all their monthly bills.
Home Mortgage Disclosure Act (HMDA) Lender File
27 Jul ’26
The HMDA Lender File includes characteristics of firms receiving mortgage applications and originating loans. The data set enables users to connect HMDA filers to their parent organizations and compare a filer’s lending over time.
Working Paper
Model Risk in Physical Risk Models
WP 26-35 – Model risk is the uncertainty in model-derived point estimates of unobserved risks. This paper studies model risk in the setting of residential physical risk assessment by analyzing the outputs of two prominent risk modelers.
Brief
Vehicle Purchase Intentions and Perceptions of Ownership Costs: Insights from the April 2026 LIFE Survey
This report uses the Philadelphia Fed’s Labor, Income, Finances, and Expectations (LIFE) Survey, fielded in April 2026, to assess the financial burden of vehicle ownership costs and households’ near-term intentions to purchase a vehicle.
Brief
Recent Trends in Renter Financial Security and Homebuying Intentions
This report uses the Federal Reserve Bank of Philadelphia’s Labor, Income, Finances, and Expectations (LIFE) Survey to study the recent experiences of renters.
Event
Sep
10-11
2026
Higher Education Finance Research Conference
Federal Reserve Bank of Philadelphia