Using account-level administrative data set from a large U.S. financial institution, we assess the impact on consumption and debt repayment of a credit card incentive program that offers cash-back rewards for usage. Using a generalized difference-in-differences design, we find that the program...

We study credit card rewards as an ideal laboratory to quantify redistribution between consumers in retail financial markets. Comparing cards with and without rewards, we find that, regardless of income, sophisticated individuals profit from reward credit cards at the expense of naive consumers....

Using individual-level credit card data from a Singapore financial institution, this paper investigates the effectiveness of a consumer financial regulation aiming to reduce household unsecured debt accumulation. A threat of suspending all existing unsecured credit induces the credit card...

How does a bank react when a substantial share of its borrowers suffer a large negative shock? To answer this question we exploit the 2014 collapse of energy prices using the universe of Mexican commercial bank loans. We show that, after the drop in energy prices, banks exposed to the energy...

This paper examines the impact of credit data sharing among competitive banks of different sizes in open banking. Analyzing data from three predecessors of Bank of America, we find that information sharing enhances predictive capabilities and increases market lending profit as the network size...