Blog

The CFPB is seeking public comments about debt that workers take on to pay for trainings, equipment, or other items or services required by their employer.

The CFPB is seeking to move away from highly complicated rules that have long been a staple of consumer financial regulation and towards simpler and clearer rules.

Banks and credit unions heavily rely on fees from overdrafts and non-sufficient funds transactions. We’ve launched a supervisory effort to measure the impact of overdraft practices on consumers.

Consumers’ Buy-Now-Pay-Later repayment data is starting to be furnished to the nationwide credit reporting companies. A standardized approach would promote consistency and accuracy.

The CFPB has published a Beginner’s Guide to Accessing and Using Home Mortgage Disclosure Act Data, a resource for those interested in using this comprehensive source of U.S. mortgage data.

Servicemembers should guard against predatory lenders outside military bases, including those that require them to use the allotment system to repay loans.

The U.S. Department of Education announced the cancellation of $5.8 billion in federal student loans for 560,000 individuals who borrowed to attend schools owned by Corinthian Colleges, the for-profit college conglomerate that is now defunct.

When you dispute credit information with your bank or other furnisher, you should get a clear and understandable response stating a result.

Accurate and complete information on your credit card payments can be a valuable tool to accessing fair credit – but credit card companies are suppressing this information.

New fixes to income-driven repayment will help borrowers reach loan forgiveness faster. Commercial FFELP borrowers will need to apply for consolidation to benefit.

The CFPB examines financial companies for compliance with Federal law, to protect consumers and maintain well-functioning markets.

CFPB announces new system of Consumer Financial Protection Circulars to provide guidance to enforcers of federal consumer financial law.

At the CFPB, we are committed to delivering trustworthy, impartial, accurate and timely information to the people we serve. To maintain this commitment we provide clear, impartial answers to hundreds of financial questions on Ask CFPB. Ask CFPB offers information you can use to make more informed choices about your money. Ask CFPB helps more than 6 million people do so each year and has helped more than 43 million lifetime users.

To help financial institutions serve Spanish-speaking customers, we are making available Spanish translations of several key notices and consumer disclosures.

The CFPB’s Data Spotlight report examines the financial characteristics and experiences of older adults living in mobile homes.

The CFPB recently filed two amicus briefs to ensure that credit reporting companies and furnishers follow their legal responsibilities with respect to accuracy in consumer reports.

This report describes our fair lending activities in supervision, enforcement, guidance and rulemaking, interagency coordination, and outreach and education for calendar year 2021.

The CFPB is taking action against private student loan servicers that fail to live up to their promises. Consumers rely on servicers execute on incentive programs and provide promised payment relief.

Los estafadores usan muchas tácticas para robarle su dinero anónimamente. Desde el CFPB y la FTC, le damos consejos para que se proteja usted y a sus seres queridos de las estafas.

Unfair practices – failing to provide refunds of unearned premiums for add-on products and miscalculation of add-on product refunds.

During Older Americans Month, the CFPB and FTC are partnering together to educate older adults and their families on what to do and where to report scams and fraud.

Money transfer providers are required to comply with rules that protect your rights when you send money overseas.

Los proveedores de servicios de transferencias están obligados a cumplir con normas que protegen sus derechos cuando usted envía dinero al extranjero.

當您向海外匯款時，匯款服務機構必須遵守保護您的權利的規定。

Millions of students seek postsecondary degrees in the hope that advancing their education will lead to better job opportunities, higher earnings, and greater economic security for themselves and their families. But many institutions of higher education are precluding students from making professional and educational gains by withholding their official transcripts to collect education-related debts.