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Date: April 29, 2024 Mon
Time: 9:16 pm
Time: 9:16 pm
Results for credit car fraud
1 results foundAuthor: Cheney, Julia Title: Identity Theft as a Teachable Moment Summary: This paper examines how instances of identity theft that are sufficiently severe to induce consumers to place an extended fraud alert in their credit reports affect their risk scores, delinquencies, and other credit bureau variables on impact and thereafter. We show that for many consumers these effects are relatively small and transitory. However, for a significant number of consumers, especially those with lower risk scores prior to the event, there are more persistent and generally positive effects on credit bureau variables, including risk scores. We argue that these positive changes for subprime consumers are consistent with the effect of increased salience of credit file information to the consumer at the time of the identity theft. Details: Philadelphia: Research Department, Federal Reserve Bank of Philadelphia, 2014. 48p. Source: Internet Resource: Working Paper No. 14-28: Accessed October 1, 2014 at: http://www.phil.frb.org/research-and-data/publications/working-papers/2014/wp14-28.pdf Year: 2014 Country: United States URL: http://www.phil.frb.org/research-and-data/publications/working-papers/2014/wp14-28.pdf Shelf Number: 133523 Keywords: Consumer FraudConsumer ProtectionCredit Car FraudIdentity Theft (U.S.) |