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.
Blog
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.
Promoting Competition in Our Financial Markets
Congress has charged the CFPB with ensuring that markets for consumer financial products are competitive. Over the last year, the CFPB has taken a number of steps to promote competition in our markets.