We examine whether concerns about lenders' discrimination based on community racial characteristics can be empirically substantiated in the context of neighborhoods on and near American Indian reservations. Drawing on a large-scale dataset consisting of individual-level credit bureau records and...

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...

For all practical purpose, qard and qard hasan are generally regarded synonymous from orthodox Islamic viewpoint, because, due to the categorical prohibition of riba in the Qur'an, qard (loan) is considered ribawi, and therefore only gratuitous monetary loans – without any benefit to the...

The purpose of this article is to analyze the substantive crimes created by article 245 of the Turkish Penal Code Number 5237 (TPC) in the light of the main principles of Turkish criminal theory governing the evaluation of the actions as offences. The analysis includes a discussion that some...

How do lenders of unsecured credit use screening and contract design to mitigate the risks of information asymmetry and limited commitment in the absence of collateral? To address this question, we take advantage of a unique dataset of over 200,000 credit card mail solicitations to a...

The development of the card payment system allows for lowering the costs of money emission and circulation and thereby leads to significant economic gains. Yet relatively small amount of research has been dedicated to the analysis of the determinants of these developments. Therefore, the aim of...

Using account level credit-card data from six major commercial banks from January 2009 to December 2013, we apply machine-learning techniques to combined consumer-tradeline, credit-bureau, and macroeconomic variables to predict delinquency. In addition to providing accurate measures of loss...

The present article intended to write about innovative idea of All-in-One Personal Utility Card. Author hope that an idea of Multifunctional All-in-One Personal Utility Card will helps to users and service providers to solve issue and problems of multiple card. In Recent scenario we found that...

The primary reasons for credit card charge-off are delinquency and bankruptcy. In this paper, we develop a dependent competing risks model to investigate the determinants of time to delinquency and time to bankruptcy jointly, and to investigate their interdependence. Our results show that...