The Bureau is committed to ensuring fair, equitable, and nondiscriminatory access to credit for both individuals and communities. This report describes our fair lending activities in innovation, outreach, prioritization, guidance and rulemaking, supervision, and enforcement for calendar year 2019.
Here's what we’ve been doing over the past year to help military families plan for their next financial journey.
The Office of Servicemember Affairs’ annual report highlights complaints from military consumers as well as continuing trends facing the military community in the financial marketplace.
The Consumer Financial Protection Bureau released a new Market Snapshot that explores first-time homeownership. For households attempting to transition from renting to owning, shifts in the housing and mortgage markets can play a large role in whether they can afford to buy a home. This report investigates the prevalence and ease of first-time homeownership today by comparing current and historical market trends.
In July 2017, the nationwide consumer reporting agencies began removing civil judgments and tax liens from credit reports. Millions of consumers had records wiped from their report. Following these consumers over the next two years, this report looks at how the removal affected the relationship between credit scores and consumers’ credit performance.
This Data Point uses the Bureau’s Consumer Credit Panel to identify likely users of income-driven repayment and provides descriptive statistics of who these borrowers are and how delinquencies on student loans and other products change after borrowers enroll in these alternative repayment programs.
According to the latest data from the Program for International Student Assessment (PISA), a gap in financial literacy among groups of students appears as early as age 15.
The bankruptcy system provides a legal process for consumers who cannot repay their debts. This report describes how bankruptcy filings and the attributes of filers changed throughout the period 2001 - 2018, which includes the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) and the Great Recession.
New report explores the relationship between Financial Well-Being and the contents of and engagement with credit reports
A joint study with Credit Karma explores the relationship between subjective Financial Well-Being (FWB) and objective credit characteristics and engagement with financial education tools. The report identifies credit report and engagement variables that are significantly related to a consumer’s FWB score, including credit score, credit limit, credit utilization, and the use of a credit simulator tool.
The analysis shows that about two thirds of actively used credit card accounts carry a revolving balance. Once consumers begin to revolve, they do so continuously for about 10 months on average, with approximately 15 percent revolving continuously for two years or more. The longer a balance is revolved, the higher the chances that the consumer will continue to revolve a balance.
The ability of consumers to access various types of credit can be affected by their credit scores, as many lenders require a minimum credit score before credit will be extended. This report finds that consumers with lower credit scores may strategically time their applications for credit around peaks and troughs in their scores.
New report from the Department of Defense highlights the financial well-being of servicemembers.
The Bureau is engaged in building the capacity of child savings programs by releasing four briefs geared toward institutions and communities interested in starting, or expanding child savings opportunities.
A review of existing youth financial education research, a set of research priorities, and a call for proposals to fill research gaps.
New research brief from the Office of Servicemember Affairs on the financial well-being of veterans.
When buying a house, servicemembers have the option of taking a home loan guaranteed by the U.S. Department of Veterans Affairs (VA). In this report, we combine two datasets to explore how servicemember home loan choices have changed from 2006 to 2016.
we’re releasing our sixth annual report highlighting complaints from
servicemembers as well as emerging issues and continuing trends facing the
military community in the financial marketplace.
Assessing our rules: Our reports on the Ability to Repay and Qualified Mortgage Rule and the RESPA Mortgage Servicing Rule
The CFPB has released two reports assessing significant rules.
Natural disaster assistance is reported on a minority of credit records among potentially affected consumers
Recent natural disasters, such as Hurricane Harvey in 2017, have significantly impacted some consumers financially. In this report, the Bureau examines how natural disasters are reported in consumers’ credit reports.
The Bureau of Consumer Financial Protection released the findings of its assessment of the Remittance Rule, which provides protections to international money transfers. The report describes the Rule, the market, and the Bureau’s findings on the Rule’s effectiveness in meeting factors outlined in the Dodd-Frank Act.
BCFP released a new research report on the geographic patterns of credit invisibility. Consumers who are “credit invisible” have no credit histories. This is the third in a series of Bureau studies on consumers with limited credit histories.
More than 1-in-5 consumers had telecommunications-related collections on their consumer report in the past 5 years
Consumers typically pay for telecommunications services monthly, but most providers do not report to consumer reporting agencies unless an account is in collections. In this report, we explore how these debts are reported.
New research report detailing how borrowers are paying off their student loans, what they do after, and what it might mean for their personal finances and the broader economy.
Aggregate credit card borrowing exhibits end-of-year seasonal patterns which vary across different sets of consumers
This report finds that aggregate end-of-year consumer credit card borrowing roughly follows end-of-year retail expenditure patterns, with consumer borrowing experiences differing across consumers with different credit scores and different credit card utilization rates at baseline.
The National Consumer Assistance Plan (NCAP) was launched in March 2015 by the three nationwide credit reporting companies in response to a multi-state settlement. In this report, we explore how the removal of public records resulting from the NCAP affected consumers' credit records and their credit scores.
Our new interactive Financial Well-Being tool lets you see your financial well-being score—that is, how well your money situation provides you with financial security and freedom of choice.