Meet the New Borrowers

Economic Insights — If a credit history is necessary to get credit, and credit is needed to build a credit history, where does this leave new borrowers? This article explains how lenders may look beyond repayment history to give new borrowers access to credit.

Featured Work

Consumer Credit

Working Paper

The Role of Regulation and Bank Competition in Small Firm Financing: Evidence from the Community Reinvestment Act

WP 22-06 – This paper analyzes how bank regulation that promotes greater access to credit impacts the financing of targeted small firms.

Consumer Credit

Working Paper

Bond Insurance and Public Sector Employment

WP 22-03 – This paper uses a unique data set of local governments’ bond issuance, expenditure, and employment to study the impact of the monoline insurance industry’s demise on local governments’ operations.

Consumer Credit

Discussion Paper

Consumer Credit Card Payment Deferrals During the COVID-19 Pandemic

DP 22-01 – In response to the economic hardships stemming from COVID-19, many U.S. card-issuing banks offered measures to assist their customers who were financially affected by the pandemic.