Ensuring servicemembers can protect themselves from unlawful financial practices
The CFPB and DOJ filed an amicus brief to help ensure that servicemembers can file lawsuits to enforce the Servicemembers Civil Relief Act.
Blog
Proteger militares de prácticas financieras ilegales
La CFPB y el DOJ emiten escrito amicus curiae para asegurarse de que militares puedan demandar para hacer cumplir la Ley de Ayuda Civil a Miembros de las Fuerzas Armadas.
Consumer reporting companies have an obligation to correct errors
The CFPB and FTC filed an amicus brief to help ensure that consumer reporting companies investigate consumer disputes.
Compañías de informes de crédito deben corregir errores
Hemos introducido junto a la FTC un escrito amicus curiae para asegurarnos de que las compañías de informes del consumidor investiguen las disputas hechas por los consumidores.
State UDAAP Developments
CFPB provides input on New York reforms on abusive corporate conduct.
ASC hearing addresses appraisal bias, highlights deficiencies with The Appraisal Foundation
On February 13, the Appraisal Subcommittee (ASC) held a public hearing on appraisal bias, including an examination of The Appraisal Foundation.
Junk fees are driving up housing costs. The CFPB wants to hear from you.
Housing costs are high and a lack of competition in pricing and high fees compound the affordability problem.
Unlawful fees in the mortgage market
The CFPB and FTC filed an amicus brief to help ensure that people can hold debt collectors accountable for unlawful fees.
Tarifas ilegales en el mercado de hipotecas
Hemos introducido junto a la FTC una opinión legal para asegurarnos de que el público pueda obligar a los cobradores a rendir cuentas por cobrar tarifas ilegales.
Credit card interest rate margins at all-time high
The annual percentage rate (APR) margins, the amount of interest credit card issuers charge cardholders on top of benchmark rates, have reached an all-time high.
CFPB to distribute more than $10.9 million to consumers harmed by student loan debt-relief business
More than 8,500 consumers who were misled and charged illegal fees by Performance SLC for federal student loan debt-relief services will receive checks in the mail this month.
Distribuimos más de $10.9 millones entre consumidores afectados por empresa de alivio de deudas de préstamos estudiantiles
Este mes, más de 8.500 consumidores que fueron engañados, y pagaron tarifas ilegales a Performance SLC por servicios de alivio de deudas de préstamos estudiantiles federales, recibirán cheques por correo.
The CFPB’s enforcement work in 2023 and what lies ahead
The CFPB’s enforcement authority is among our most impactful tools—reinforcing compliance with federal consumer financial laws and sending a clear message to entities within our authority and the public that the CFPB remains vigilant on behalf of consumers.
Tenga cuidado con las nuevas estafas de impostores de funcionarios de la CFPB
Recientemente, varias personas han recibido llamadas telefónicas o de video, de estafadores haciéndose pasar por funcionarios de la CFPB, quienes tratan de robarles su dinero. Sepa de qué estar pendiente y cómo protegerse.
Beware of new CFPB imposter scams
Recently, several people have received phone or video calls from scammers, pretending to be CFPB employees, who are trying to steal your money. Learn what to watch for and how to protect yourself.
Holding debt collectors responsible for false statements
The CFPB filed an amicus brief to help ensure that consumers can hold debt collectors accountable for making false statements.
CFPB to distribute nearly $6 million to consumers harmed by predatory loans to veterans
In December, 264 consumers started receiving checks from a series of lawsuits involving four individuals who brokered illegal high-interest credit offers to veterans.
La CFPB distribuye casi $6 millones entre consumidores afectados por préstamos predatorios otorgados a veteranos
264 consumidores comenzaron a recibir cheques de las demandas contra individuos quienes negociaron ilegales ofertas de crédito con altos intereses a veteranos.
Office of Research blog: A look at cash-out refinance mortgages and their borrowers between 2013 to 2023
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.
State regulatory developments on “income-based advances”
The CFPB has submitted input on a proposal by the California Department of Financial Protection and Innovation explaining states' critical role in oversight of providers of consumer financial products and services.
CFPB ombudsman’s office 2023 annual report
The CFPB Ombudsman’s Office shares its FY2023 Annual Report.
Piloting disclosures for construction loans
Individual lenders can apply to enroll in a testing pilot of alternative, tailored disclosures for construction loans designed to improve consumer understanding of loan terms and costs.
$240 mil serán distribuidos a afectados por estafa
Consumidores recibirán cheques de demanda contra compañía de alivio de deuda de préstamos estudiantiles que tomó miles de dólares de sus prestatarios sin su autorización.
CFPB to distribute more than $240,000 to consumers harmed by student loan debt-relief scam
845 consumers will receive checks from a lawsuit against the owner of a student loan debt-relief company that withdrew hundreds of thousands of dollars from borrowers without authorization.
Servicemembers continue to face major financial challenges
The CFPB works to protect servicemembers in the financial market, engage military stakeholders, and monitor the market to identify risks to servicemembers, veterans, and military families.