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.
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.
In this blog, we explain the data source and analytical approach, as well as key findings from the report ‘A Brief Note on General Lending Patterns of Small to Medium Size Closed-end HMDA Reporters’
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.
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 report describes our fair lending activities in supervision, enforcement, guidance and rulemaking, interagency coordination, and outreach and education for calendar year 2020.
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.
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.
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.
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.
The Bureau reminds creditors of the availability of the Special Purpose Credit Program (SPCP) provisions of Equal Credit Opportunity Act (ECOA) and Regulation B to help meet the credit needs of underserved communities.
The CFPB is taking steps to help create real and sustainable changes in our financial system so that African Americans and other minorities have equal opportunities to build wealth and close the economic divide.
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.
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.
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).
该局有责任处理贷款歧视问题，包括贷款给女性和少数族裔所拥有的企业，这些企业在新冠肺炎 (COVID-19) 大流行期间根据 CARES 法案申请借贷。
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。
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.
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.
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.
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.
This report looks at the impact of the Great Recession on small business lending before, during, and after the Recession across geography and sources of lending.
This report on the Bureau’s September 17th, 2018 Building a Bridge to Credit Visibility Symposium summarizes the panel discussions that took place during the event, and highlights the key themes that stood out from those conversations.
This report describes our fair lending activities in supervision, enforcement, guidance and rulemaking, interagency coordination, and outreach for calendar year 2018.
The Bureau’s annual Fair Lending Report to Congress highlights 2017 work to promote fair, equitable, and nondiscriminatory access to credit.