Changes to HMDA’s closed-end loan reporting threshold
The United States District Court for the District of Columbia issued an order vacating the 2020 Home Mortgage Disclosure Act Final Rule as to the loan volume reporting threshold for closed-end mortgage loans.
La CFPB emite directrices para enfrentar prácticas deficientes de investigación por compañías de informes del consumidor
Cuando compañías de informes del consumidor y proveedores de información fallan en investigar información disputada, los consumidores quedan pagando tasas más altas y teniendo más dificultades para encontrar vivienda o empleo
The CFPB Ombudsman’s Office shares its FY2022 Annual Report
The Ombudsman’s Office annual report, which the Ombudsman delivered to the Director, is available today on our webpage.
Protecting borrowers’ control over their money
This week, we filed a friend-of-the-court brief to protect consumers’ funds from unauthorized withdrawals by credit card companies.
Office of Research blog: Higher interest rates leading to higher debt burdens for mortgage borrowers
Mortgage interest rates have been rising sharply in recent months, impacting mortgage borrowers and applicants. Using quarterly HMDA data on closed-end home-purchase loans, we find that monthly payments and debt burdens (as measured by DTI) have increased, with a higher percentage of mortgage application denials reporting DTI as a reasonContinue Reading
Protecting the right of military families to go to court
The CFPB recently filed an amicus brief to ensure military families are able to sue creditors that violate the Military Lending Act.
Using CFPB complaint data to help cities and counties protect the public
The CFPB is working with municipal and county governments to identify and address financial harm to their constituents.
Enhancing public data on auto lending
Auto loans represent the third largest credit market. While more than 100 million Americans have an auto loan, we lack granular data on this rapidly changing market. The CFPB is seeking input from the public on key auto lending data.
Aquellos consumidores a quienes Howard Law, P.C. les cobró tarifas ilegales, recibirán compensación
Las personas a quienes Howard Law, P.C. cobró tarifas ilegales por alivio de deudas, podrían recibir compensación a través de nosotros en la CFPB.
The CFPB finalizes rule to increase transparency regarding key nonbank supervision tool
Today, we finalized changes to our procedural rule related to nonbank supervision based on a risk determination.