Blog

Housing costs are high and a lack of competition in pricing and high fees compound the affordability problem.

As interest rates increased in 2022, the number of refinance mortgage originations declined, with cash-out refinances becoming a larger share of all refinances. Cash-out refinances exacerbated the 2008 financial crisis, but regulatory and market developments may have changed the risks of cash-out refinances to consumers and the mortgage market. A new analysis looks at the characteristics of these refinances and the rates of delinquency.

New Mexicans submitted complaints about credit reporting, debt collection, and other products.

La gente de New Mexico nos envió quejas sobre informes de crédito, el cobro de deudas y otros productos.

Nuestra investigación muestra que en Puerto Rico la gente goza de menos bienestar financiero que en el resto de los Estados Unidos.

Our research shows that people in Puerto Rico have lower financial well-being compared to people in the rest of the United States.

Cashflow data (regular savings, accumulated savings, paying bills on time) helps predict ability to repay and repayment risk, even when accounting for credit scores.

Credit reporting changes through the Department of Education’s Fresh Start program coincided with increased credit scores for nearly 2 million student loan borrowers.

The CFPB releases its Fair Lending Annual Report to Congress, describing its fair lending activities in enforcement and supervision; guidance and rulemaking; interagency coordination; and outreach and education for calendar year 2022.

CFPB entrega al Congreso su Reporte Anual sobre la Equidad en el Crédito, describiendo nuestras actividades en el año 2022.

A new analysis from CFPB researchers finds that the majority of mortgage borrowers in forbearance during COVID-19 have since become current on their loans.

Delinquencies and scheduled payments for non-student-loans continue to rise for student loan borrowers during the federal student loan payment pause.

Los miembros de las redes de justicia pueden aprender las prácticas de las redes que se adaptaron en los últimos años, y replicar sus esfuerzos en sus comunidades.

Elder justice stakeholders can learn from best practices of networks that adapted in the last several years and replicate their efforts in their communities.

Mortgage borrowers are paying around $100 a month more depending on which lender they choose, for the same type of loan and the same consumer characteristics (such as credit score and downpayment).

Creditors can obtain civil judgments to garnish wages for unpaid debts, but civil judgments are much more common in some states and areas than others.

The CFPB is piloting a new collection of auto data. As part of that effort, we issued orders to nine large auto lenders to provide information about their auto lending portfolio.

Credit card companies are failing to report your actual payment data to the nationwide consumer reporting companies. The CFPB asked why, and this is what we learned.

Los emisores de tarjetas de crédito no están reportando sus datos de pagos a las empresas de informes de crédito. Preguntamos por qué, y esto descubrimos.

Debt collectors are moving away from furnishing medical debt, in part, due to data integrity challenges in medical debt collections.

Credit score tiers shifted upward during the pandemic, with more consumers transitioning from subprime to prime credit scores.

New research from the CFPB Office of Research: With high inflation, many renters are struggling, yet relatively few found assistance. In addition, the transition to homeownership has slowed markedly in the past year.

Consumidores recibirán cheques por nuestra acción contra cinco compañías asociadas a Monster Loan y Tech Loans, por violar leyes de protección al consumidor.

Consumers will receive checks from the CFPB’s enforcement action against five student loan debt-relief companies associated with Monster Loans and Lend Tech Loans for violating consumer protection laws.

Trabajamos con municipios y condados en identificar y enfrentar daño financiero a sus habitantes.