This week we’re participating in America Saves week. This national campaign encourages consumers to save money, reduce debt, and build wealth. Our goal is to help you live a better financial life. And one of the best ways to do that is to have savings that give you the best options when shopping for financial products and services. Meet Mike to learn more about how saving worked for him and how it can work for you too.
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today issued a final rule adjusting the asset-size exemption threshold for banks, savings associations, and credit unions under Regulation C, which implements the Home Mortgage Disclosure Act (HMDA). Based on the adjustments announced today, the asset-size exemption for banks, savings associations, and credit unions will increase [...]
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today adopted a rule to codify protections for privileged information submitted to the Bureau by the financial institutions it regulates. “We are committed to safeguarding the confidential information of the institutions we supervise to ensure the Bureau is best equipped to do its job and protect [...]
Bureau Seeks Additional Consumer Input on Reverse Mortgages WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) released a report highlighting the risks for American consumers as they struggle to understand reverse mortgages. The Bureau also announced a Request for Information to gather public input on follow-up questions regarding reverse mortgages. “Reverse mortgages are [...]
Guidance Highlights Protections for Military Homeowners With Permanent Change of Station Orders WASHINGTON, D.C. —The Consumer Financial Protection Bureau (CFPB) along with the prudential regulators – the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency and [...]
Bureau Seeks Information on Financial Dangers for Older Americans WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) announced a public inquiry to learn more about the many ways in which older Americans are financially exploited and about the best practices for elder financial management. The inquiry comes as part of today’s World Elder Abuse [...]