WP 25-06 – We examine the contribution of different lending channels to the auto loan market in times of crisis. Specifically, we explore lending from traditional banks, credit unions, and finance companies (nonbanks) over the past two decades, with an emphasis on the Great Recession and the COVID-19 pandemic.

DP 24-02 – Secured credit cards, whose limit is fully or partially collateralized by a bank deposit, serve as viable options for consumers seeking to build new credit or to repair a damaged credit history.

WP 22-39/R – Improving fairness across policy domains often comes at a cost. However, as machine learning (ML) advances lead to more accurate predictive models in fields like lending, education, healthcare, and criminal justice, policymakers may find themselves better positioned to implement effective fairness measures.