As outstanding credit card debt hits new high, the CFPB is focusing on ways to increase competition and reduce costs
Credit cards are one of the most common financial products in our country, providing the bulk of short-term credit for families. Interest rates on credit cards have risen substantially, with average interest rates going over 20%. Given the trends for the 175 million Americans with credit cards, the CFPB estimatesContinue Reading
Protecting people from discriminatory targeting
This week, we filed a Statement of Interest to protect people from discriminatory targeting.
CFPB to distribute more than $4.7 million to consumers impacted by nationwide student financial aid scam
More than 78,000 consumers harmed by College Financial Advisory and Student Financial Resource Center will receive checks in the mail this month.
Tell us your experiences with data brokers
The CFPB is seeking public input on the full scope and breadth of data brokers and their business practice, including the impact on consumers’ daily lives, and whether they are all playing by the same rules.
Buscamos comentarios del público sobre nueva propuesta de divulgaciones hipotecarias alternativas, para préstamos para la construcción
Hasta el 29 de marzo del 2023 pueden ser enviados los comentarios públicos para crear una declaración hipotecaria alternativa que mejore el entendimiento y facilitación de préstamos a la construcción.
CFPB has allocated $11 million for consumers harmed by illegal student loan debt relief operation
In 2020, the CFPB filed a complaint against student-loan debt-relief companies, their owners, and attorneys for charging illegal upfront fees to thousands of consumers saddled with private student-loan debt.
Bringing tech enforcers together to protect consumers
The CFPB is convening government enforcers – including federal agencies, state attorneys general, and state insurance commissioners – to sharpen our combined efforts to protect consumers as technology reshapes the financial marketplace.
Protecting homeowners from discriminatory home appraisals
This week, the CFPB filed a joint Statement of Interest with the Department of Justice to protect homebuyers and homeowners from discriminatory home appraisals.
CFPB starting mandated review of mortgage loan originator rules
The CFPB issued a standard Request for Information on the economic impact of mortgage loan originator rules on small mortgage companies as part of a mandated 10-year review.
Tell us about your experiences with rental background checks and fees
The CFPB and the FTC want to hear about challenges you’ve faced because of rental background checks