The Bureau hosted its 5th Research Conference that highlighted recent research in consumer and household finance. The conference brought together members of the academic and policy research communities, including a keynote address by Raphael Bostic, President of the Federal Reserve Bank of Atlanta.
The Office of Servicemember Affairs year in review: Working together to protect servicemembers, veterans, and military families
Today, we’re releasing our eighth annual report highlighting the activities of the Office of Servicemember Affairs as well as complaints and emerging issues facing the military community in the financial marketplace.
A new analysis in our Making Ends Meet survey series looks at how consumers use payday, auto title, and pawn loans. Use of these loans is persistent from year to year. Some consumers of these loans have lower cost credit available, while others lack access to other credit.
During May, which is Older Americans Month, and through June 15, World Elder Abuse Awareness Day, we’ll highlight resources to help older adults make sound financial decisions as they age, while avoiding fraud, scams and elder financial exploitation.
Making Ends Meet series: Changes in consumer financial status during the early months of the pandemic
A new analysis in our Making Ends Meet survey series looks at the early impact of COVID-19 on the financial status of consumers, finding that their ability to stay on top of their finances was greater in June 2020 than June 2019, likely as a result of government policies and private programs to reduce financial distress.
This blog highlights resources that servicemembers, military families and educators can use to teach children, teens, and young adults how to manage money.
Innovation and collaboration: Tech sprints support improvements in consumer notifications and data collection and processing
I’m pleased to release the results from our first tech sprints, which sought to identify innovations and improvements in the way lenders notify consumers of adverse credit actions, as well as how we collect and process home mortgage data.
Si usted debe la renta, podría tener derecho a posponer el desalojo usando la Declaración de Protección contra el Desalojo del CDC. También podría tener derecho a recibir notificación de la moratoria de desalojos del CDC por parte de un cobrador de deudas. Sepa más acerca de las prácticas injustas de cobro de deudas y cómo evitar el desalojo durante la pandemia del COVID-19.
If you owe rent, you may have the right to postpone eviction using the CDC Declaration form. You may also have the right to receive notice of the CDC moratorium from a debt collector. Learn more about unfair debt collection practices and how to avoid eviction during COVID-19.
This report describes our fair lending activities in supervision, enforcement, guidance and rulemaking, interagency coordination, and outreach and education for calendar year 2020.
Existen estafadores que están aprovechándose de la pandemia para introducir de forma fraudulenta, reclamos de beneficios por desempleo, utilizando información personal de identidad robada. Si le llegó una planilla de impuestos 1099-G por beneficios por desempleo que no ha solicitado o recibido, usted podría ser víctima de un robo de identidad.
Scammers are taking advantage of the pandemic and fraudulently filing unemployment claims using stolen personal identity information. If you received a 1099-G tax form for unemployment benefits that you didn’t apply for or receive, you may be a victim of identity theft.
April is National Financial Capability Month, and we’re highlighting ways to prevent and recover from financial hardship during the pandemic and future uncertain times.
The COVID-19 pandemic is presenting one of the biggest challenges to the mortgage servicing industry since the Great Recession. There are an estimated 3 million delinquent loans, including more than 2 million loans in long-term forbearance. The Bureau is closely monitoring how servicers are handling the increased volume and emphasizes the importance of good communication especially at a time when so many homeowners are distressed. The Bureau also encourages servicers to use all available tools to reach struggling homeowners.
Americans are receiving the third and latest round of financial relief through the Economic Impact Payments (EIP). Yet, millions still haven’t received the first and second payments – and likely won’t receive the third unless they file a 2020 tax return. View our complete guide to the COVID-19 Economic Impact Payments.
The CFPB was born out of the 2008 financial crisis to protect the economically vulnerable. During COVID-19 and the resulting economic crisis, we’re doubling down on that commitment. Learn how the CFPB is using our tools to protect consumers facing housing insecurity.
Si para sobrellevar la pandemia usted está compartiendo dinero, tiempo u otros recursos con familiares y amigos, podemos ayudarle a pensar cómo trabajar juntos y reducir tensiones en sus relaciones con ellos.
If you’re sharing money, time, or other resources with family and friends to weather the pandemic, we can help you think through how to work together and reduce strain on your relationships.
The CFPB will use the authority provided by Congress to address consumer harms in the small dollar lending market. The CFPB will do so through vigorous market monitoring, supervision, enforcement, and, if appropriate, rulemaking.
Take action to get the full benefit of your Economic Impact Payment.
A new CFPB report shows more than 11 million renters and homeowners are behind on their housing payments. Communities of color are disproportionately vulnerable to housing insecurity. Here's what we’re doing to prevent harm to vulnerable consumers.
In 2020, the CFPB issued new rules to help ensure borrowers can afford the mortgages they take on. To ensure consumers have the options they need, the CFPB will extend the mandatory compliance deadline for the Qualified Mortgage rules until July 1, 2021.
Homeowners facing hardship from the COVID-19 pandemic have expanded access to protections from the federal government. Learn how you can protect your home.
Romance scams can happen to anyone, including those who are looking for connection during the pandemic. Learn how to spot, avoid, and report this type of scam.
Moving forward, the Division of Consumer Education and External Affairs should redouble its efforts to ensure the Bureau engages all consumers who are economically suffering.