Consumer Credit - Publications - Faculty & Research

October 2021
Article

Fintech Borrowers: Lax Screening or Cream-Skimming?

By: Marco Di Maggio and Vincent Yao

Personal credit is the fastest-growing segment of the consumer credit market, mainly driven by fintech lenders' staggering expansion. We study this market using a unique individual-level data, which covers most of the top fintech and traditional lenders, and provides... View Details

Keywords: Fintech; Lending; Consumer Finance; Credit History; Self-control; Present Bias; Financing and Loans; Personal Finance; Credit; Behavior

Web

Buy Now, Pay Later: Credit and the Market Economy: The Rise of Credit Reporting

the Courts Credit and Information Technology Credit in a Consumer Society Research Links Credits “Credit is the vital air of the system of modern... View Details

25 Feb 2020
News

Case Study: The Credit Bureau

company Mobley to offer an alternative: an affordable way to furnish a home with stylish, quality pieces with a lease of 3 to 12 months, without the burden of ownership. Mobley’s entrée to the $230 billion market for furniture and home goods is a direct-to-consumer... View Details

Keywords: Jen McFarland Flint; Real Estate

04 Jun 2024
Research & Ideas

Navigating Consumer Data Privacy in an AI World

reason is all about consumer and societal reactions. Just because something is legal doesn't necessarily mean it's viewed as acceptable. There's a growing awareness among customers and users about how their data is used, and people... View Details

Keywords: by Rachel Layne; Technology; Information Technology

29 Aug 2023
News

Helping Consumers Decarbonize their Purchases

This episode of Climate Rising features a conversation between Professor and host Mike Toffel and Sanchali Pal (MBA 2018), founder and CEO of Commons, an app designed to help consumers make more climate-friendly purchasing decisions by... View Details

April 2011
Teaching Note

Santander Consumer Finance (TN)

By: J. Gunnar Trumbull

Teaching Note for 711015. View Details

Keywords: Organizational Structure; Expansion; Decisions; Economic Slowdown and Stagnation; Credit; Growth and Development; Personal Finance; Management Practices and Processes; Banking Industry; Spain

Citation

Purchase

30 Jan 2018
Working Paper Summaries

Credit Supply Shocks, Network Effects, and the Real Economy

Keywords: by Laura Alfaro, Manuel García, and Enrique Moral-Benito

Web

Buy Now, Pay Later: Credit and Charity

Economy: The Rise of Credit Reporting Credit in a Consumer Society Research Links Credits “Monte di pietà, an institution of Christian piety, may... View Details

01 Sep 2009
News

Consumer Finance Makes HBS Debut

in other areas. But we didn’t have a course that would help students understand consumers and the financial service firms that serve them, including traditional banks, insurance companies, credit card... View Details

Keywords: Roger Thompson; Colleges, Universities, and Professional Schools; Educational Services; Finance

Running a Consumer Fintech Startup within Goldman Sachs

Marcus by Goldman Sachs marked a dramatic shift for the 150-year-old financial institution, which historically had served only businesses and the wealthiest people. The fintech startup operated within Goldman Sachs, offering unsecured personal loans for the mass... View Details

03 Dec 2008
What Do You Think?

Can Housing and Credit be “Nudged” Back to Health?

smaller." John Homan suggested, "... that the Federal Government give a 10 percent tax credit to the purchaser of a house and the purchaser pay it back ... over 20 years in equal installments with no interest." Education in... View Details

Keywords: by Jim Heskett

Web

Buy Now, Pay Later: Imagining Pre-Industrial Credit

Economy: The Rise of Credit Reporting Credit in a Consumer Society Research Links Credits Woodcuts, engravings, and other prints reveal the ways... View Details

Web

Buy Now, Pay Later: Credit and Information Technology

the Courts Credit and Information Technology Credit in a Consumer Society Research Links Credits “The ratings given by the large commercial... View Details

2016
Report

How Do People Pay Rent?

By: David Hao Zhang

Households still pay rent primarily with paper methods, even though electronic methods are featured more prominently among high-income, high-education, and high-rent households. These patterns may be explained either by the lack of landlord acceptance of electronic... View Details

Keywords: Consumer Payments; Rent Payments; Money Order; Credit Card; Checks; Credit Cards; Online Technology; Consumer Behavior; Cash; Leasing

Citation

Read Now

Web

Buy Now, Pay Later: Credit in Pre-Industrial Society

Economy: The Rise of Credit Reporting Credit in a Consumer Society Research Links Credits “There are two sorts of wealth-getting. The most hated... View Details

24 Nov 2020
Working Paper Summaries

Accounting for Product Impact in the Consumer Finance Industry

Keywords: by George Serafeim and Katie Trinh; Financial Services

Web

Buy Now, Pay Later: Pre-Industrial Credit in Practice

Economy: The Rise of Credit Reporting Credit in a Consumer Society Research Links Credits “To term an American farmer dilatory in regard to the... View Details

2008
Working Paper

Consumer Demand for Prize-Linked Savings: A Preliminary Analysis

By: P. Tufano, Nick Maynard and Jan-Emmanuel De Neve

This paper reports on a small-scale survey of the potential American demand for prize-linked savings accounts, an account that awards prizes as part of the saving product's return. In October 2006, Centra Credit Union launched a prize-linked savings pilot. As part of... View Details

Keywords: Saving; Income; Consumer Behavior; Personal Finance; Investment Return; Banks and Banking; Clarksville

Citation

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April 2024
Article

Pay-As-You-Go Insurance: Experimental Evidence on Consumer Demand and Behavior

By: Raymond Kluender

Pay-as-you-go contracts reduce minimum purchase requirements which may increase market participation. We randomize the introduction and price(s) of a novel pay-as-you-go contract to the California auto insurance market where 17 percent of drivers are uninsured. The... View Details

Keywords: Contracts; Consumer Behavior; Price; Personal Finance; Insurance Industry; California