CFPB will propose streamlining the existing mortgage servicing rules to promote greater agility on the part of mortgage servicers in responding to future economic shocks while also continuing to ensure they meet their obligations for assisting borrowers promptly and fairly.
La CFPB intenta identificar formas de simplificar y agilizar las normas para la administración de hipotecas
Propondremos la agilización de la administración de hipotecas para promover más rapidez en su respuesta a futuras crisis económicas.
The CFPB is working to accelerate the shift to open banking through a new personal data rights rule intended to break down these obstacles, jumpstart competition, and protect financial privacy.
En la CFPB trabajamos para acelerar el cambio a una banca abierta a través de una nueva normativa sobre datos personales.
Estamos tomando un nuevo paso para asegurar que las decisiones tomadas por modelos automáticos, a veces mercadeadas como inteligencia artificial, sean responsables.
Today, the CFPB is taking another step toward ensuring accountability for automated decision models, sometimes marketed as artificial intelligence (AI).
The CFPB is exploring long-term solutions to move away from single points of failure, ensure system resilience, and eliminate unnecessary complexity in rulemaking.
Mientras la deuda de tarjetas de crédito alcanza un nuevo pico, en la CFPB nos enfocamos en aumentar la competencia y reducir los costos
Dadas las tendencias que enfrentan los usuarios en el país, en la CFPB estimamos que la deuda en tarjetas de crédito podría llegar a $1 trillón.
As outstanding credit card debt hits new high, the CFPB is focusing on ways to increase competition and reduce costs
Credit cards are one of the most common financial products in our country, providing the bulk of short-term credit for families. Interest rates on credit cards have risen substantially, with average interest rates going over 20%. Given the trends for the 175 million Americans with credit cards, the CFPB estimates that outstanding credit card debt may continue to set records and could even hit $1 trillion.
The CFPB is seeking to move away from highly complicated rules that have long been a staple of consumer financial regulation and towards simpler and clearer rules.
Financial companies that collect and process loan payments play a critical role in consumer finance markets. The Consumer Financial Protection Bureau (CFPB) is the primary federal regulator of the consumer debt collection industry, and today, we submitted our annual report to Congress on the Fair Debt Collection Practices Act (FDCPA).
As the economy recovers from the global pandemic, American families and businesses are experiencing higher prices.
A new Request for Information will help inform a review of the FDIC and OCC’s Bank Merger Act policies.
The CFPB issued additional guidance to staff reminding them to report ethics violations, such as suspicious communications and activity by former employees to agency officials.
Today, I was sworn in as Director of the CFPB. I am honored to lead this organization, which plays an essential role within the Federal Reserve System.
How to give back to your community by volunteering for VITA and TCE to support consumers with low incomes.
Mientras las protecciones expiran, la nueva normativa para la administración hipotecaria busca reducir las ejecuciones que sean evitables
En efecto desde el 31 de agosto del 2021, la nueva normativa les exige a los administradores hipotecarios ofrecerles a los propietarios, oportunidades reales para evitar el “foreclosure” y mantenerse en sus viviendas mientras las protecciones expiran.
Mortgage refinance loans drove an increase in closed-end originations in 2020, new CFPB report finds
Effective August 31, 2021, a new rule requires mortgage servicers to provide meaningful opportunities for homeowners to avoid foreclosure and keep their homes as certain federal forbearance programs begin to expire.
The CFPB is celebrating 10 years of protecting consumers, and looks forward to the next decade.
At CFPB, we’re taking bold and swift actions to address racial inequities in the financial marketplace. Learn the steps we’re taking to create a financial system that works for all consumers.
The CFPB is committed to protecting consumers struggling financially during the coronavirus pandemic. Learn how the CFPB is taking action to protect economically vulnerable consumers facing housing insecurity.
CFPB is protecting vulnerable borrowers in the small dollar lending market.
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.
To help protect homeowners and promote stability in the housing market, the CFPB will extend the mandatory compliance deadline for the Qualified Mortgage rules until July 1, 2021.
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.