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The Early Effects of the COVID-19 Pandemic on Credit Applications

Publish Date: 01-04-2020

Publish Frequency: 1

Source: Consumer Financial Protection Bureau

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Type: Report

Synopsis: This report uses the Consumer Financial Protection Bureau’s Consumer Credit Panel (CCP) to examine the early effects of the COVID-19 pandemic on credit applications as measured by the number of credit inquiries in credit records.1 The Bureau received the March 2020 data file in early April. The data file includes information on inquiries up through a few days before the end of March. We analyzed these data and present findings in this report.

Public Link: https://files.consumerfinance.gov/f/documents/cfpb_issue-brief_early-effects-covid-19-credit-applications_2020-04.pdf

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