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Category: Data, research, and reports |
Published

Credit access declined during the pandemic for credit cards, but increased for mortgages and auto loans

This post is the fifth in a series documenting trends in consumer credit outcomes during the COVID-19 pandemic. Access to new credit cards has decreased, but access to mortgages and auto loans has increased since the start of the pandemic.

Category: Data, research, and reports |
Published

Credit card limits are rising for most groups after stagnating during the pandemic

This post is the fourth in a series documenting trends in consumer credit outcomes during the COVID-19 pandemic. Credit card limits stagnated or declined for most credit score groups early in the pandemic, but have been rising in recent months. Despite a spike in accounts closed by creditors at the start of the pandemic, accounts are not being closed at unusual rates.

Category: Data, research, and reports |
Published

Credit card use is still declining compared to pre-pandemic levels

This post is the third in a series documenting trends in consumer credit outcomes during the COVID-19 pandemic. The economic disruption of the pandemic does not appear to have caused consumers to run up large credit card balances. The opposite seems to be the case, since April 2020, credit card balances and utilization rates have continued to decline, and the share of credit card borrowers that carry a balance rather than pay in full have also declined.

Category: Data, research, and reports |
Published

Trends in Reported Assistance on Consumers’ Credit Records

This post is the second in a series documenting trends in consumer credit outcomes during the COVID-19 pandemic. Since July 2020, consumers have transitioned out of assistance to varying degrees across all credit products, but a significant share of mortgage borrowers continue to receive assistance.

Category: Data, research, and reports |
Published

Delinquencies on credit accounts continue to be low despite the pandemic

New Bureau research examines consumer credit trends through April 2021, finding little increase in delinquencies on credit cards, auto loans, mortgages, and student loans during COVID-19. Delinquency rates also remain lower than pre-pandemic levels, likely as a result of public and private interventions.

Category: Data, research, and reports |
Published

Consumer use of payday, auto title, and pawn loans

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.

Category: Data, research, and reports |
Published

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.

Category: Data, research, and reports |
Published

Protecting consumers through a pandemic: 2020 Fair Lending Report to Congress

This report describes our fair lending activities in supervision, enforcement, guidance and rulemaking, interagency coordination, and outreach and education for calendar year 2020.

Category: Policy and compliance |
Published

El CFPB en búsqueda de comentarios formales para mejorar las directrices para servir a consumidores LEP

El CFPB planea desarrollar directrices para la atención a consumidores LEP o con Limitado Manejo del Inglés y para ello, está recibiendo comentarios públicos formales a través de su Solicitud de Información del año 2020 sobre la Ley de Oportunidad Equitativa al Crédito y Regulación B.

Category: Policy and compliance |
Published

Bureau seeks formal comments to inform forthcoming guidance on serving LEP consumers

The Bureau plans to develop guidance on serving consumers with limited English proficiency (LEP) and welcomes formal public comments through the Bureau’s 2020 Request for Information on the Equal Credit Opportunity Act and Regulation B.

Category: Data, research, and reports |
Published

New report explores the prevalence of actual payment information in consumer credit reporting

This report explores the prevalence of actual payment information in consumer credit reporting. Quarterly Consumer credit trends reports focus on a specific consumer financial product or issue using a longitudinal, nationally representative sample of de-identified credit records maintained by a nationwide consumer reporting agency.

Category: At the CFPB |
Published

More CFPB resources available in multiple languages

Consumers who are of limited English proficiency face unique challenges in learning about and accessing financial services. Watch our webinar to learn how CFPB is working to make our resources accessible to everyone.

Category: Info for consumers |
Published

Ang kahalagahan ng patas at pantay na pag-access sa kredito para sa mga minorya at negosyo na pag-aari ng kababaihan

Ang Bureau ay may pananagutan sa pagtugon sa diskriminasyon sa pagpapahiram, kasama na ang pagpapahiram sa mga kababaihan- at mga negosyo na pagmamay-ari ng minorya, na nag-aplay para sa utang sa panahon ng pandemya ng COVID-19 sa ilalim ng CARES Act.

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: Info for consumers |
Published

The importance of fair and equitable access to credit for minority and women-owned businesses

The Bureau has a responsibility for addressing lending discrimination, including lending to women- and minority-owned businesses, which apply for credit during the COVID-19 pandemic under the CARES Act.

Category: Info for consumers |
Published

La importancia del acceso justo y equitativo a crédito para pequeñas empresas en manos de minorías y mujeres

Bajo la Ley CARES, en el CFPB tenemos la responsabilidad de actuar contra la discriminación en el otorgamiento de préstamos a pequeñas empresas, que los soliciten durante la pandemia del COVID-19, y cuyos dueños sean mujeres, o pertenezcan a minorías.

Published

소수 민족 및 여성 소유 비즈니스의 신용에 대한 공정하고 공평한 접근의 중요성

금융소비자보호국(CFPB: Consumer Financial Protection Bureau)은 CARES 법에 따라 코로나 바이러스(COVID-19) 전염병 기간 동안 신용을 신청하는 여성 및 소수 민족 소유 비즈니스에 대한 대출을 포함하여 대출 차별에 대응할 책임이 있습니다.

Published

Tầm quan trọng của quyền tiếp cận công bằng và bình đẳng với khoản vay dành cho các doanh nghiệp do người dân tộc thiểu số và phụ nữ làm chủ

Cục có trách nhiệm giải quyết tình trạng phân biệt đối xử trong hoạt động cho vay, bao gồm việc cho các doanh nghiệp do phụ nữ và người dân tộc thiểu số làm chủ vay, áp dụng cho khoản vay trong bối cảnh dịch bệnh COVID-19 theo Đạo Luật Hỗ Trợ, Cứu Trợ và An Ninh Kinh Tế Đối Phó Vi-rút Corona (CARES).

Published

讓少數裔族與婦女所持有的企業擁有公平公正的貸款管道之重要性

本局有責任處理貸款歧視,包括由婦女性與少數裔族所持有的企業於冠狀病毒疫情期間,根據《冠狀病毒援助、紓困和經濟安全法案》(英文簡稱為 CARES 法案)所申請的貸款。

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.