What’s ahead for Bank of America and its customers
As a result of the CFPB’s enforcement actions against Bank of America, bank and credit card customers could expect to receive payments that help make up for the bank’s illegal practices.
Office of Research blog: Initial Fresh Start program changes followed by increased credit scores for affected student loan borrowers
Credit reporting changes through the Department of Education’s Fresh Start program coincided with increased credit scores for nearly 2 million student loan borrowers.
Ensuring consumers receive critical lending protections
This week, we joined the State of Maine to file an amicus brief to help ensure that consumers receive critical protections when taking out loans.
CFPB to distribute more than $3.5 million to consumers who were charged illegal fees to reduce or eliminate their federal student loans
Timemark, Inc. collected illegal advance fees from more than 7,100 consumers seeking to renegotiate, settle, reduce, or alter the terms of their loans.
The CFPB's 2022 Fair Lending Annual Report to Congress
The CFPB releases its Fair Lending Annual Report to Congress, describing its fair lending activities in enforcement and supervision; guidance and rulemaking; interagency coordination; and outreach and education for calendar year 2022.
Office of Research blog: How are mortgages with a COVID-related forbearance performing in 2023?
A new analysis from CFPB researchers finds that the majority of mortgage borrowers in forbearance during COVID-19 have since become current on their loans.
Protecting consumers’ right to challenge discrimination
The CFPB filed an amicus brief to protect consumers’ right to challenge discrimination under the Equal Credit Opportunity Act.
Accepting applications for CFPB advisory committees
Beginning on Monday, July 3, we’re accepting applications to serve on our four advisory committees, which provide insight and advice as we carry out our work. Applications are due by July 16, 2023.
Protegiendo a propietarios de tasaciones discriminatorias de viviendas
Hemos introducido una Declaración de Interés junto al Departamento de Justicia para proteger a compradores y propietarios de viviendas de tasaciones discriminatorias.
Worker Surveillance Poses Potential Privacy Harms
In a response to the White House Office of Science and Technology Policy’s inquiry into automated worker surveillance, the CFPB has also outlined concerns about the potential harms workers may face when algorithms continually determine a worker’s earnings, hours, and more.