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Discussion Paper

The Effects of the COVID-19 Shutdown on the Consumer Credit Card Market: Revolvers versus Transactors


Abstract: The consumer credit card market has experienced dramatic, unprecedented changes in the wake of the COVID-19 shutdown of the U.S. economy. Revolving credit in the G.19 Consumer Credit statistical release fell by an annualized rate of 32 percent in the second quarter of 2020.

https://doi.org/10.17016/2380-7172.2792

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File(s): File format is text/html https://www.federalreserve.gov//econres/notes/feds-notes/the-effects-of-the-covid-19-shutdown-on-the-consumer-credit-card-market-revolvers-versus-transactors-20201021.htm

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Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2020-10-21

Number: 2020-10-21-1