Holding debt collectors responsible for false statements
2024-01-02
The CFPB filed an amicus brief to help ensure that consumers can hold debt collectors accountable for making false statements. Please follow and like us:
Office of Research blog: A look at cash-out refinance mortgages and their borrowers between 2013 to 2023
2023-12-18
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As interest rates increased in 2022, the number of refinance mortgage originations declined, with cash-out refinances becoming a larger share of all refinances. Cash-out refinances exacerbated the 2008 financial crisis, but regulatory and market developments may have changed the risks of cash-out refinances to consumers and the mortgage market. AContinue Reading
State Regulatory Developments on “Income-Based Advances”
2023-12-01
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The CFPB has submitted input on a proposal by the California Department of Financial Protection and Innovation explaining states’ critical role in oversight of providers of consumer financial products and services. Please follow and like us:
CFPB Ombudsman’s Office 2023 Annual Report
2023-11-30
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The CFPB Ombudsman’s Office shares its FY2023 Annual Report. Please follow and like us:
Piloting Disclosures for Construction Loans
2023-11-21
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Individual lenders can apply to enroll in a testing pilot of alternative, tailored disclosures for construction loans designed to improve consumer understanding of loan terms and costs. Please follow and like us:
CFPB to distribute more than $240,000 to consumers harmed by student loan debt-relief scam
2023-11-13
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845 consumers will receive checks from a lawsuit against the owner of a student loan debt-relief company that withdrew hundreds of thousands of dollars from borrowers without authorization. Please follow and like us:
Distribuiremos más de $240,000 entre consumidores afectados por estafa de alivio de deuda de préstamos estudiantiles
2023-11-13
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Consumidores recibirán cheques de demanda contra compañía de alivio de deuda de préstamos estudiantiles que tomó miles de dólares de sus prestatarios sin su autorización. Please follow and like us:
Servicemembers continue to face major financial challenges
2023-11-01
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The CFPB works to protect servicemembers in the financial market, engage military stakeholders, and monitor the market to identify risks to servicemembers, veterans, and military families. Please follow and like us:
Next public hearing on appraisal bias: November 1
2023-10-23
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On November 1, the Appraisal Subcommittee – which has a seven-member federal agency board including the CFPB – will hold its next public hearing to discuss the challenges and solutions to preventing bias in the home appraisal process. Members of the public are encouraged to attend. Please follow and likeContinue Reading
Protecting immigrant access to fair credit opportunities
2023-10-12
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The CFPB will continue to take steps to ensure that all consumers, including immigrants, have equal access to credit opportunities. Please follow and like us: