About the Consumer Finance Institute

The Consumer Finance Institute consists of Philadelphia Fed economists, researchers from other centers within the Bank, analysts, and visiting scholars. The Institute brings together the Philadelphia Fed’s wide-ranging expertise on the nature and functioning of consumer finance and payments markets while enhancing opportunities for collaboration with outside scholars in these fields, market participants, government regulators, and consumer groups.

Collaboration Collaboration
Evolution Evolution

Our mission is to produce leading-edge research on how credit markets and payment systems affect the economy. The Institute sponsors opportunities for scholars, the financial industry, and the public sector to collaborate and share insights on fostering healthy household finances, a stable financial system, and a resilient economy.

Patrick Harker

open quote  There has never been a more important time for research on the complex ways Americans spend, save, and owe. These affect both the overall U.S. and local economies – and, of course, individuals, families, and communities.  close quote

Patrick Harker

President and CEO

Consumers are vital to the U.S. economy, driving more than two-thirds of the nation’s gross domestic product. The Institute seeks to inform economic policy by learning more about what consumers buy and invest in, how they finance their purchases and investments, how the financial industry and regulatory environment influence consumer behavior, and the effect of such decisions and frameworks on economic growth and financial stability.