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Category: Data, research, and reports |
Published

Protecting consumers and encouraging innovation: 2019 Fair Lending Report to Congress

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.

Category: Data, research, and reports |
Published

New report explores trends for first-time homebuyers

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.

Category: Data, research, and reports |
Published

A new retrospective on the removal of public records

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.

Category: Data, research, and reports |
Published

New report shows how student loan borrowers fare on Income-Driven Repayment Plans

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.

Category: Data, research, and reports |
Published

New report explores trends in consumer bankruptcy

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.

Category: Data, research, and reports |
Published

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. 

Category: Data, research, and reports |
Published

New report explores the extent of revolving in the U.S. credit card market

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.   

Category: Data, research, and reports |
Published

New report explores when consumers apply for credit cards as their credit scores change

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.  

Category: Data, research, and reports |
Published

Promising practices and lessons learned for Child Savings Account programs

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.

Category: Data, research, and reports |
Published

Bureau releases its assessment report of the Remittance Rule

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.

Category: Data, research, and reports |
Published

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. 

Category: Data, research, and reports |
Published

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. 

Category: Data, research, and reports |
Published
Consumer market trends

Removal of public records has little effect on consumers’ credit scores

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.