Blog

The CFPB is seeking public input on the full scope and breadth of data brokers and their business practice, including the impact on consumers’ daily lives, and whether they are all playing by the same rules.

We are piloting a new collection of auto data. As part of that effort, we issued orders to nine large auto lenders to provide information about their auto lending portfolio. Through this effort we will be better able to monitor the auto market and plan to share results with the public.

Estamos trabajando junto a gobiernos municipales y condales para identificar y enfrentar el daño financiero a sus habitantes.

The CFPB is working with municipal and county governments to identify and address financial harm to their constituents.

The CFPB is seeking additional public input on companies’ acceptable use policies and their use of fines, liquidated damages provisions, and other penalties.

Hoy, hemos anunciado la reapertura por 30 días del plazo para recibir comentarios del público y hemos agregado nuevas preguntas, sobre las plataformas de pago de las compañías “big tech.”

The Department of Education announced that the student loan pause will continue through August 31, 2022. Here are three things to keep in mind.

In response to concerns from workers about financial risk and harm from employers, the CFPB is looking into the consumer financial products or services that workers face in the workplace, including employer-driven debt and the selling of worker data.

New research finds that over 2.8 million consumers have information on their business loans and other commercial credit products on their consumer credit reports. An examination of commercial and consumer credit also finds common inconsistencies in reporting practices and strategies, with the potential for significant implications for consumers.

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’

Your consumer reporting records affect your ability to get a loan, a job, an apartment, and other essentials of life. But, do you know where and how to request your consumer reports and what you can do once you order them? Find out in our list of consumer reporting companies!

We use the Bureau’s Making Ends Meet survey to study whether financially vulnerable consumers have turned to credit card debt during the coronavirus pandemic. We find that credit card debt fell even for consumers who were financially vulnerable before the pandemic.

A growing number of financial services are powered by data sharing. Learn the key things to consider before sharing your data, and tips for sharing your data in the best way.

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.

The Office of Servicemember Affairs’ annual report highlights complaints from military consumers as well as continuing trends facing the military community in the financial marketplace.

Your credit records affect your ability to get a loan, a job, an apartment, and other essentials of life. But, do you know where and how to request your consumer reports and what you can do once you order them? You can find out in our list of reporting companies!

In July 2017, the nationwide consumer reporting agencies began removing civil judgments and tax liens from credit reports. Millions of consumers had records wiped from their report. Following these consumers over the next two years, this report looks at how the removal affected the relationship between credit scores and consumers’ credit performance.

This Data Point uses the Bureau’s Consumer Credit Panel to identify likely users of income-driven repayment and provides descriptive statistics of who these borrowers are and how delinquencies on student loans and other products change after borrowers enroll in these alternative repayment programs.

The bankruptcy system provides a legal process for consumers who cannot repay their debts.  This report describes how bankruptcy filings and the attributes of filers changed throughout the period 2001 - 2018, which includes the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) and the Great Recession.

A joint study with Credit Karma explores the relationship between subjective Financial Well-Being (FWB) and objective credit characteristics and engagement with financial education tools. The report identifies credit report and engagement variables that are significantly related to a consumer’s FWB score, including credit score, credit limit, credit utilization, and the use of a credit simulator tool. 

Si usted se vio afectado por el robo de información a Equifax en 2017, puede que sea elegible para recibir compensación y beneficios gracias al reciente acuerdo legal.

If you were affected by the 2017 Equifax data breach, you may be eligible to claim compensation and benefits because of a legal settlement. 

The analysis shows that about two thirds of actively used credit card accounts carry a revolving balance. Once consumers begin to revolve, they do so continuously for about 10 months on average, with approximately 15 percent revolving continuously for two years or more. The longer a balance is revolved, the higher the chances that the consumer will continue to revolve a balance.   

The ability of consumers to access various types of credit can be affected by their credit scores, as many lenders require a minimum credit score before credit will be extended. This report finds that consumers with lower credit scores may strategically time their applications for credit around peaks and troughs in their scores.  

New report from the Department of Defense highlights the financial well-being of servicemembers.