Search Results

(refine search)

SORT BY: PREVIOUS / NEXT

All:
Title:
Author:
Abstract:
Keywords:

+ Add Search Parameter

Discussion Paper
Innovations in small dollar payments
Stanley, Anne; Burns, Peter (2001)
On September 25, 2001, the Payment Cards Center of the Federal Reserve Bank of Philadelphia sponsored a workshop on innovations in small dollar payments. The moderated discussion was led by Richard Corl, an entrepreneur with 25 years of experience in the electronic payments industry.2 From his perspective as a director of Ecount, a small dollar payments innovator, Corl described a range of challenges and opportunities for innovators in their quest to convert small dollar cash and check payments into electronic transactions. In addition to broad market issues, he described a number of specific ...
Consumer Finance Institute discussion papers , Paper 01-06

Discussion Paper
How Well Do Survey Self-Reports Align with Administrative Data? The Case of U.S. Consumer Credit Records
Akana, Tom; Lee, Amber (2025-09-30)
This paper assesses how closely consumers’ self-reported credit and debt attributes (such as credit account ownership and balances) align with administrative credit bureau records for mortgages, auto loans, and credit cards. Understanding the contents of one’s credit report can be critical to consumers’ ability to obtain affordable credit and to their ability to manage their finances generally. Surveys often ask respondents to report the types and amounts of credit they have, but it is often difficult or impossible to determine if the reported information is accurate. In this paper, we ...
Consumer Finance Institute discussion papers

Discussion Paper
Trends and preferences in consumer payments: updates from the visa payment panel study
Herbst-Murphy, Susan (2015-07-03)
Michael Marx, senior director, Visa Research Insights, conducted a workshop in 2009 at the Payment Cards Center (PCC) as the economy was emerging from a recession. At that time, it appeared that the recession had affected consumer payment preferences, especially those related to cash and credit cards. To get an update on consumers? use of the various payment methods, the PCC invited Marx to facilitate another workshop in 2014. More recent findings from the Visa Payment Panel Study reveal declines in cash use ? a return to the long-term trend ? and increases in credit card use, perhaps ...
Consumer Finance Institute discussion papers , Paper 15-2

Discussion Paper
Racial Differences in Mortgage Refinancing, Distress, and Housing Wealth Accumulation during COVID-19
Gerardi, Kristopher S.; Lambie-Hanson, Lauren; Willen, Paul S. (2021-06-22)
The COVID-19 pandemic exacerbated racial disparities in U.S. mortgage markets. Black, Hispanic, and Asian borrowers were significantly more likely than white borrowers to miss payments due to financial distress, and significantly less likely to refinance to take advantage of the large decline in interest rates spurred by the Federal Reserve’s large-scale mortgage-backed security (MBS) purchase program. The wide-scale forbearance program, introduced by the 2020 Coronavirus Aid, Relief, and Economic Security (CARES) Act, provided approximately equal payment relief to all distressed borrowers, ...
Consumer Finance Institute discussion papers , Paper 21-02

Discussion Paper
The Secured Credit Card Market
Santucci, Lawrence (2016-11-01)
In this paper, we present a brief exposition of the history of the secured credit card, beginning with its origins in California in the 1970s. We present a series of stylized facts based on a December 2015 cross section of the secured card market. We find that most secured cards require an annual fee, tend not to have promotional offers or rewards, and often have higher purchase annual percentage rates than their unsecured counterparts. We also find that the percentage of secured card accounts in a delinquency status is more than double that of unsecured cards and that far fewer secured cards ...
Consumer Finance Institute discussion papers , Paper 16-3

Discussion Paper
Consumer bankruptcy: how unsecured lenders fare
Furletti, Mark (2003)
On September 8, 2003, the Payment Cards Center of the Federal Reserve Bank of Philadelphia hosted a workshop on consumer bankruptcy and its effect on unsecured lenders. Professor Melissa Jacoby of Temple University?s School of Law led the workshop. A leading bankruptcy scholar, Jacoby described the current bankruptcy system and the potential impact of Chapter 7 reforms on the rights of unsecured creditors. This paper summarizes Jacoby?s presentation and the ensuing discussion. It offers a brief overview of consumer bankruptcy and the rights of unsecured creditors that lend money to ...
Consumer Finance Institute discussion papers , Paper 03-17

Discussion Paper
Supply- and demand-side developments influencing growth in the debit market
Cheney, Julia S. (2006)
On August 3, 2006, the Payment Cards Center of the Federal Reserve Bank of Philadelphia hosted a workshop led by Ronald Congemi, senior vice president of strategic industry relations for First Data Corporation, to examine developments on both the supply side and demand side that are influencing growth in the debit card market. On the supply side, Congemi addressed banks? increasing recognition of the importance of payments-related revenues in their institutional profit and loss statements, the effect of differences in interchange fees between PIN and signature debit, and the greater focus on ...
Consumer Finance Institute discussion papers , Paper 06-11

Discussion Paper
The role of electronic payments in disaster recovery: providing more than convenience
Cheney, Julia S. (2006)
On May 3-4, 2006, the Payment Cards Center hosted a two-day conference titled ?The Role of Electronic Payments in Disaster Recovery: Providing More Than Convenience.? The event brought together participants from a range of groups, including financial institutions and other financial service providers; federal and state government and national relief agencies; and the bank regulatory community. Participants examined the lessons learned from Hurricane Katrina and considered how these experiences may be useful in identifying opportunities to further strengthen the financial system?s response to ...
Consumer Finance Institute discussion papers , Paper 06-09

Discussion Paper
Climate Change and Consumer Finance: A Very Brief Literature Review
Canals-Cerda, Jose J.; Roman, Raluca (2021-10-06)
Extant research shows that climate change can impose significant costs on consumers’ wealth and finances. Both sea-level rise and flooding from hurricane events led to high price declines and thus wealth loss for homes in coastal areas or in disaster-struck areas, with effects lingering for a number of years in some cases. In terms of consumer finance, while the average consumer is not always significantly negatively affected by a disaster, the vulnerable groups (those with low credit scores and who are low income) can be severely affected, experiencing higher rates of delinquencies and ...
Consumer Finance Institute discussion papers , Paper 21-04

Discussion Paper
Risky business: managing electronic payments in the 21st Century
Bochicchio, Marilyn; Sienkiewicz, Stanley J. (2005)
On June 20 and 21, 2005, the Payment Cards Center of the Federal Reserve Bank of Philadelphia, in conjunction with the Electronic Funds Transfer Association (EFTA), hosted a day-and-a-half forum, ?Risky Business: Managing Electronic Payments in the 21st Century.? The Center and EFTA invited participants from the financial services and processing sectors, law enforcement, academia, and policymakers to explore key topics associated with the challenge of effectively managing risk in a payments environment that is increasingly electronic. The meeting?s goal was to identify areas of potential risk ...
Consumer Finance Institute discussion papers , Paper 05-20

show more (44)

PREVIOUS / NEXT

Fed in Print

Search Results

FILTER BY year

FILTER BY Bank

FILTER BY Series

FILTER BY Content Type

FILTER BY Author

FILTER BY Jel Classification

FILTER BY Keywords