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Keywords:Loans, Personal 

Journal Article
Decline in consumer credit

Federal Reserve Bulletin , Issue Jun , Pages 485-491

Journal Article
Current topics: district bank performance; modeling complex products; student loans; the expansion of vendor management risk; consumer financial protection bureau issues final rules impacting mortgage servicing

The Federal Reserve Bank of Chicago's supervision group follows current and emerging risk trends on an on-going basis. This Risk Perspectives newsletter is designed to highlight a few current risk topics and some potential risk topics on the horizon for the Seventh District and its supervised financial institutions. The newsletter is not intended as an exhaustive list of the current or potential risk topics and should not be relied upon as such. We encourage each of our supervised financial institutions to remain informed about current and potential risks to its institution.
Risk Perspectives , Issue 2nd Q

Conference Paper
Best practices in consumer lending: using sophisticated marketing to earn high ROI

Proceedings , Paper 987

Journal Article
Driving a hard bargain

Tighter credit in the district may be adding to the woes of auto dealers.
Fedgazette , Volume 21 , Issue Jan , Pages 7-9

Conference Paper
Information asymmetries and the effects of banking mergers of firm-bank relationships

This study examines the effects of mergers between commercial banks and investment banks on firm-bank relationships and the pricing of loan contracts, focusing on the role of information asymmetries. I find that, prior to a public securities issuance, junk rated firms are more likely to switch lenders to a merged commercial-investment bank when their existing lenders are pure commercial banks. Borrowers that issue public securities and are in local lending relationships are less likely to switch lenders after their bank merges with an investment bank. Also, when issuing public debt, ...
Proceedings , Paper 979

Report
Payday holiday: how households fare after payday credit bans

Payday loans are widely condemned as a ?predatory debt trap.? We test that claim by researching how households in Georgia and North Carolina have fared since those states banned payday loans in May 2004 and December 2005. Compared with households in all other states, households in Georgia have bounced more checks, complained more to the Federal Trade Commission about lenders and debt collectors, and filed for Chapter 7 bankruptcy protection at a higher rate. North Carolina households have fared about the same. This negative correlation?reduced payday credit supply, increased credit ...
Staff Reports , Paper 309

Conference Paper
SMEs and bank lending relationships: the impact of mergers

This paper studies the impact of bank mergers on firm-bank lending relationships using information from individual loan contracts in Belgium. We analyze the effects of bank mergers on the probability of borrowers maintaining their lending relationships and on their ability to continue tapping bank credit. The Belgian financial environment reflects a number of interesting features: high banking sector concentration; ?in-market? mergers with large target banks; importance of large banks in providing external finance to SMEs; and low numbers of bank lending relationships maintained by SMEs. ; We ...
Proceedings , Paper 993

Conference Paper
Strategic pricing of payday loans: evidence from Colorado, 2000-2005

Proceedings , Paper 1040

Report
Personal bankruptcy and credit market competition

The effect of credit market competition on borrower default is theoretically ambiguous, because the quantity of credit supplied may rise or fall following an increase in competition. We investigate empirically the relationship between credit market competition, lending to households, and personal bankruptcy rates in the United States. We exploit the exogenous variation in market contestability brought on by banking deregulation at the state level: after deregulation, banks faced the threat of entry into their state markets. We find that deregulation increased competition for borrowers, ...
Staff Reports , Paper 272

Conference Paper
Measuring the individual-level effects of access to credit: evidence from payday loans

Proceedings , Paper 1069

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