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.

Featured Work

Consumer Credit


Do Loan Officers Discriminate?

Research in Focus — Edison Yu of the Philadelphia Fed and his two coauthors test for taste-based discrimination across U.S. mortgage lenders over a 25-year span.

Consumer Finance

Working Paper

Which Lenders Are More Likely to Reach Out to Underserved Consumers: Banks versus Fintechs versus Other Nonbanks?

WP 21-17 – There has been a great deal of interest recently in understanding the potential role of fintech firms in expanding credit access to the underbanked and credit-constrained consumers.

Consumer Credit

Conference Summary

Summary of the Workshop on Credit Card Lending and Payments

The Federal Reserve Bank of Philadelphia’s Supervisory Research Forum (SURF) and Consumer Finance Institute (CFI) held the virtual Workshop on Credit Card Lending and Payments on September 16‒17, 2020.