Getting a grip on income tax season
With the beginning of the New Year comes income tax season—that time between late January and April 15 when almost all American households have to file a...
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What’s the deal with health care credit cards? Four things you should know
Recently, many patients facing medical procedures have seen their health care providers suggest deferred interest rate credit cards as a payment option...
We asked about your student loans and you answered
In particular, we frequently hear that the process to allocate an extra payment to your loan with the highest interest rate – generally the best way to...
Four steps you can take if you think your credit or debit card data was hacked
The recent data breach and theft of credit and debit card information at Target retail stores could impact tens of millions of consumers, and we want to let...
If you’re having trouble paying your mortgage, here’s how you can take control
The most important thing you can do when you're having trouble paying your mortgage is take control. There is nothing worse than doing nothing. Read more to...
Qualified Mortgages – What are they and what do they mean for you?
Here’s what you need to know about Qualified Mortgages, which are sometimes called just QMs. Qualified Mortgages are based on some common-sense ideas.
Here’s what the new mortgage rules mean for you
It's simple. Our new mortgage rules mean you will have more information and more protection when you're shopping for a loan and while you own your home. No...
It’s back to basics for the mortgage market in 2014
Starting January 10, lenders will be required to make a reasonable, good-faith determination that a borrower can afford to repay a mortgage. That's a...
Ally to repay $80 million to consumers it discriminated against
When you shop for a car, auto lenders work with your auto dealer to offer you financing for your loan. Auto lenders consider the terms of your loan, your...
Explainer: What the multi-billion dollar Ocwen enforcement action means for you
We're taking action against Ocwen Financial Corporation for years of systemic misconduct that includes unfair shortcuts, unauthorized fees, deception...
Join us in making mortgage shopping easier
If you read our blog regularly, you've gotten the picture by now: We care a lot about making your experience with mortgages better. We just released rules...
Sunshine for student financial products
Today, Director Cordray is alerting financial institutions about the potentially risky practice of making secret payments to colleges and universities to...
What’s on your international money transfers paperwork?
If you send money to other countries, you can now get more information about exchange rates and costs before you pay for the transfers. That's because of a...
How much money is spent on advertising financial products?
If you think about it, you probably see a lot of advertising for products and services for managing your money. Television ads, highway billboards, Internet...
The second annual report from the CFPB Ombudsman’s Office
Today, I want to share with you the CFPB Ombudsman's second annual report, which I delivered to the CFPB Director. The report describes how the Ombudsman's...
Tell us how you tackle your student debt
A number of recent graduates have asked us: why is my student loan interest rate so high? And how can I more quickly pay off this loan? Often borrowers have...
A final rule that makes mortgage disclosure better for consumers
Today, we're issuing the TILA-RESPA final rule. This rule improves the way consumers receive information about mortgage loans, both when they apply and when...
Our first enforcement action against a payday lender
We announced an enforcement action against one of the largest short-term, small-dollar lenders in the country. The company has agreed to reimburse up to $14...
Know your financial adviser
Just like planning for retirement, choosing a financial adviser can be much more challenging than it sounds—especially for senior needs. Today, we're...
You can submit a payday loan complaint
Payday loans are typically marketed as a way to get quick cash when you need it. They are generally for small amounts due quickly, like on your next payday...
What military families should know about payday loans
Starting today, you can submit payday complaints to us. So this seems a good time to remind you that if you are a servicemember on active duty you, your...
Send money abroad with more confidence
Today, you have new rights if you send money to family or others outside the United States. These protections come from a new rule that applies to...
Does your college help you know before you owe?
Today, we're celebrating the two year anniversary of "Know Before You Owe: student loans" — a project to help students better understand their loan options...
Trick-or-treating for your money
When it comes to tricking you out of your money, for scammers it's Halloween all year long. In 2011, an estimated 25.6 million adults (10.8 percent of the...
We’ve got answers to your financial questions
In March 2012, we launched Ask CFPB, our database of clear, unbiased answers to your financial questions. At that time we had 360 answers. Last week, we...