“Zombie lending” remains a widespread practice by banks around the world. In this paper,
we exploit a series of large-scale on-site inspections made on the credit portfolios of several …

We assess racial discrimination in mortgage approvals using new data on mortgage
applications. Minority applicants tend to have significantly lower credit scores, higher …

Abstract In 2013, the US Consumer Financial Protection Bureau released a database of
consumer complaints filed against banks under its supervision (“CFPB banks”). We find that …

We study how intermediaries–mortgage servicers–shaped the implementation of mortgage
forbearance during the COVID-19 pandemic and use servicer-level variation to trace out the …

The application of regulatory technology (RegTech) for monitoring comprehensive data
sources has gained increased importance. Nevertheless, previous research neglects that …

We show that distortion in the size distribution of banks around regulatory thresholds can be
used to identify costs of bank regulation. We build a structural model in which banks can …

Consumers dislike sharing data with fintechs but better access to data can improve loan
market outcomes. We study how the California Consumer Privacy Act (CCPA), which grants …

Regulators are increasingly seeking ways to incentivize firms to improve corporate social
responsibility (CSR) while minimizing criticism of direct interventions in firm behavior. This …

This paper studies how tightening monetary policy transmits to the economy through the
mortgage market and sheds new light on the distributional consequences at both individual …

We document that the quasi-mandatory US flood insurance program reduces mortgage
lending along both the extensive and intensive margins. We measure flood insurance …