Understanding the mortgage process: Your home loan toolkit
To help you navigate the steps you have to take to get a mortgage, take a look at our new booklet, "Your Home Loan Toolkit: A Step-By-Step Guide." This...
Blog
Hudson City Savings Bank to pay $27 million to increase access to credit in Black and Hispanic neighborhoods it discriminated against
The complaint alleges that Hudson City redlined by locating its branches and selecting mortgage brokers nearly all outside of majority-Black-and-Hispanic...
Know Before You Owe: Closing Disclosure
The Closing Disclosure is a five-page form that helps you understand the key features, costs, and risks of your mortgage loan. These changes make it easier...
Know Before You Owe: Loan Estimate
The new form is part of our Know Before You Owe mortgage disclosure rule that's making the mortgage process work better for you. The Loan Estimate uses...
Buying a House: The homebuyer’s trusted resource
At the CFPB, we are working to make the process of getting a mortgage simpler and easier to understand. Part of that work is a new rule that improves...
Know Before You Owe: Making the mortgage process easier for you
You have the right to compare offers and understand the terms before you sign on the dotted line. After four years of work, these new forms and tools will...
El calzado adecuado y el sentido común pueden ayudar a su hijo(a) pre-adolescente a ganar terreno financiero
Cuando los niños son pequeños, pueden aprender autocontrol y cómo planificar de anticipado, las cuales son habilidades necesarias para una base financiera...
The right shoes and common sense can help your preteen gain financial ground
We recently heard stories from parents that reinforce what our research shows: The preteen years are critical for developing an internal compass for what's...
When your child learns self-control, it helps their financial future, too
As a parent, you are the most powerful influence on your children's financial lives. In the first five years of life, children go through rapid neurological...
Cuando su hijo aprende el autocontrol, también ayuda a su futuro financiero
La niñez es un buen momento para aprender sobre el dinero. Sin embargo, el dinero es un concepto abstracto. Incluso antes de que los cerebros de los niños...
Servicemembers: Protecting your credit when you’re away from home
Being away and mission-focused means you won't be able to regularly check your accounts or credit report, so you may be at increased risk for fraud or...
New students should look closely at college-sponsored bank accounts and shop around
On campus, a bank account may be marketed to you that is co-branded with your college's logo and may be attached to your campus ID through a debit card. But...
When you make student loan payments on an income-driven plan, you might be in for a payment shock
For borrowers who are experiencing financial distress and looking for a way to pay back their federal student loans, income-driven repayment plans can be...
Live from Springfield, Va.: Managing Someone Else’s Money
Today, we held a event about financial management for seniors and their caregivers at the Greenspring senior living community. The event featured remarks...
Three things to do before closing: What we learned from studying eClosing
Today we're releasing the results of a pilot program where we explored tools and process changes that can help consumers better navigate closing by...
Adjusting to a new country’s financial system takes time
Looking back, I wish I had had more unbiased sources of information so I could have made smarter choices.
Save the date, Springfield!
Join us for an event in Springfield, Va., about financial management for seniors and their caregivers. You can watch a livestream of the event on our blog.
Newly arrived and in need of help navigating our financial system
To help, we developed the Newcomer's Guides to Managing Money, an unbiased resource for recent immigrants. Take a look and see ways to pay bills, receive...
The Know Before You Owe mortgage rule will take effect October 3, 2015
Today, we're issuing a final rule delaying the effective date for the Know Before You Owe mortgage disclosure rule to October 3, 2015. The Know Before You...
You have the right to free, unbiased financial information
If you believe you have the right to free, unbiased financial information, you are not alone – because at the Bureau, we agree. It's our job to provide you...
Debt settlement company Morgan Drexen is no longer in business: What you should know
Morgan Drexen has gone out of business. If you are a Morgan Drexen customer, you must take action on your debts. You can also request a refund of any money...
Save the date, Know Before You Owe Forum on eClosing
The forum will take place on Wednesday, August 5 at 1 p.m. EDT, and will feature remarks from Director Richard Cordray, as well as a panel discussion with...
Removing an outdated bankruptcy from a credit report: Jorge’s story
In Jorge's words, "Within two weeks, everything was finalized . . . [I got] a letter saying it's gone." He continued, "Having a good credit score and a...
The newcomer’s guides to managing money
According to recent studies, people with limited English proficiency may be more likely to fall prey to frauds and schemes, and it can be harder to manage...
It’s not too late to share your #studentdebtstress story
Some borrowers have already shared with us their experiences with their student loan servicer (the company that sends a bill each month). We've released the...