According to the Maine Attorney General’s Office, there are an estimated 14,000 incidents of elder abuse annually in Maine, and at least 84 percent of them go unreported. There are many types of elder abuse, including financial exploitation, and it’s important to increase our understanding of how to spot and prevent it. On Monday, Dec. […]
This week, the Office of Servicemember Affairs held a special event: a Financial Fitness Forum. We invited representatives from the military, government agencies, and financial institutions to come and talk about the financial challenges faced by servicemembers and their families, and what is being done – and could be done – to address them. Our […]
On December 2, 2011, I participated in a White House Latino Community Summit in Miami. The community summit connected senior government officials from diverse policy areas with local Hispanic leaders, business owners, and community advocates to discuss issues critical to the South Florida Latino community. Too many Latino families have experienced the very reasons that […]
Do you have information about a company that you think has violated federal consumer financial laws? Are you a current or former employee of such a company, an industry insider who knows about such a company, or even a competitor being unfairly undercut by such a company? If so, the CFPB wants to hear from […]
The CFPB is the first federal agency with the primary mission of making consumer financial markets work for American consumers. Congress charged us with ensuring that: All consumers have access to markets for consumer financial products and services; and Markets for consumer financial products and services are fair, transparent, and competitive.
Last month, we unveiled two new prototypes for a single mortgage disclosure to replace the HUD-1 Settlement Statement and final Truth-in-Lending disclosure. Currently, you receive both of these at closing. Consistent with the requirements of the Dodd-Frank Act, we are working to combine them. Our goal is to make this one combined form that is […]
Today, our Office of Servicemember Affairs is hosting a Financial Fitness Forum in Washington, DC. We’ve streamed the morning’s events, including introductory remarks from Holly Petraeus and Raj Date, a panel on servicemembers’ financial readiness, and a keynote address from Robert Gordon, Deputy Assistant Secretary of Defense for Military Community and Family Policy. Watch an […]
As the nation’s first federal agency focused on consumer financial protection, we have been hard at work putting procedures and mechanisms in place to protect you from unfair, deceptive, and abusive financial practices
Comparing offers before applying for a credit card will help you find the right card for your needs, and ensure that you’re not paying higher fees or interest rates than you have to.
A credit card agreement is a document that lays out the terms and features of a credit card. Millions of times every year, financial institutions send out these agreements to consumers. And every year, millions of consumers receive the agreements and do not read them. We believe it is important to make these contracts less […]