CFPB Report Shows Trends in Rate of Credit Card Inquiries for Consumers with Large Credit Score Fluctuations

On May 30, 2019, the Consumer Financial Protection Bureau (CFPB) published a quarterly report titled Timing of Applications for Consumer Credit. The report examines the rate of general-purpose credit card inquiry rates for consumers whose credit scores have seen large fluctuations (100 or more points) during roughly a 7-year period. The report finds some noticeable trends in the rate of these inquiries around the time that the sample population reaches its maximum and minimum credit score, and the report provides three potential explanations for these trends.

The report opens with statistics about the sample population, as shown below:

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