This study builds on the Bureau's earlier work and examines the relationship between geography and credit invisibility. The importance of geography in accessing credit has been long-standing concern for policymakers, going at least as far back as early efforts to combat redlining. In recent...

This is part of a series of quarterly reports on consumer credit trends produced by the Consumer Financial Protection Bureau using a longitudinal, nationally-representative sample of approximately five million de-identified credit records from one of the three nationwide consumer reporting...

Borrowers with subprime auto loans typically pay high interest rates and frequently default on their loans. Interest payments could compensate lenders for borrowers’ default risk, and so the high interest rates paid by borrowers with subprime loans could be explained by their higher default...

In a previous Data Point, we estimated that 11 percent of adults in the United States, or about 26 million people, are “credit invisible,” meaning that they do not have a credit record at one of the three nationwide credit reporting companies (Brevoort, Grimm, and Kambara 2015). Without a...

Having a credit record and a credit score can be an important determinant of credit access. Yet, surprisingly little is known about people who lack credit records or scores. This paper provides the first documented analysis of the characteristics of consumers without credit records, called...