Discussion Paper
Why Did Credit Card Balances Decline so Much during the COVID-19 Pandemic?
Adams, Robert M.; Bord, Vitaly M.; Katcher, Bradley (2021-12-03)
Consumer credit card balances in the United States experienced unprecedented declines during the COVID-19 pandemic. According to the G.19 Consumer Credit statistical release, revolving consumer credit fell more than $120 billion (11 percent) in 2020, the largest decline in both nominal and percentage terms in the history of the series.
FEDS Notes , Paper 2021-12-03-3

Discussion Paper
The Effects of Credit Score Migration on Subprime Auto Loan and Credit Card Delinquencies
Driscoll, John C.; Flagg, Jessica N.; Katcher, Bradley; Sommer, Kamila (2024-01-12)
In the early stages of the pandemic, income support and forbearance programs led consumer loan delinquency rates to fall to near-record lows for borrowers across the credit score distribution. Since the second half of 2021, however, delinquency rates have risen, and by 2023:Q3, overall rates for auto and credit card loans had risen above their pre-pandemic levels.
FEDS Notes , Paper 2024-01-12

Discussion Paper
Credit Card Profitability
Adams, Robert M.; Bord, Vitaly M.; Katcher, Bradley (2022-09-09)
Credit cards are one of the most ubiquitous consumer financial products in the United States, with more than 75 percent of households owning at least one general purpose credit card in 2019. According to the G.19 Consumer Credit Statistical release, revolving consumer credit, which mainly consists of credit cards and related plans, stood at over one trillion dollars at the end of 2021.
FEDS Notes , Paper 2022-09-09