Consumer Credit

Working Paper

A Tale of Two Bailouts: Effects of TARP and PPP on Subprime Consumer Debt

WP 21-32 – High levels of subprime consumer debt can create social problems. We test the effects of the Troubled Asset Relief Program (TARP) and Paycheck Protection Program (PPP) bailouts during the Global Financial Crisis and COVID-19 crisis, respectively, on this debt.

Featured Work

Overdraft Use During the Pandemic: Insights from the CFI COVID-19 Survey of Consumers

This research brief examines consumers’ experiences with checking account overdrafts since the beginning of the COVID-19 crisis, using responses gathered from a special module in the Federal Reserve Bank of Philadelphia’s Consumer Finance Institute "COVID-19 Survey of Consumers."

Consumer Credit

Working Paper

Health Insurance and Young Adult Financial Distress

WP 19-54/R – We study how health insurance eligibility affects financial distress for young adults using the Affordable Care Act’s (ACA) dependent coverage mandate — the part of the ACA that requires private health insurance plans to cover individuals up to their 26th birthday.

Consumer Credit

Working Paper

Piercing Through Opacity: Relationships and Credit Card Lending to Consumers and Small Businesses During Normal Times and the COVID-19 Crisis

WP 21-19 – We investigate bank relationships in a rarely considered context – consumer and small business credit cards.