Central Banking

Boston Fed investigates effects of credit scores on payment choice

credit-cards

The Federal Reserve Bank of Boston has published a discussion paper that looks into the effects of credit scores on consumer payment behaviour, especially on debit and credit card use.

Fumiko Hayashi and Joanna Stavins used a new consumer survey dataset to examine whether an anecdotally reported negative relationship between debit card use and credit score holds after controlling for various consumer characteristics, including demographic and financial characteristics, consumers' perceptions

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