Some federal protections put in place to protect homeowners from foreclosure and renters from eviction during the COVID-19 pandemic ended on July 31. If you are having trouble making your rent or mortgage payments, it’s important to take action to prevent foreclosure or eviction.
Algunas de las protecciones federales que fueron establecidas para proteger a los propietarios de vivienda del “foreclosure” o ejecución financiera, y a los inquilinos del “eviction” o desalojo durante la pandemia del COVID-19, terminaron el 31 de julio. Si usted tiene problemas para pagar su renta o hipoteca, es importante que actúe ahora para prevenir la ejecución o el desalojo.
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.
The COVID-19 pandemic has made it difficult for renters and landlords to cover housing costs. A new Rental Assistance Finder tool allows people to search for local help with rent, utilities, and moving costs.
The federal foreclosure moratoria are set to expire July 31st, and lenders and mortgage servicers can start foreclosing on homes as soon as August 1st. Homeowners who are behind on their mortgages must act now to save their homes.
Today is the 10th anniversary of the Consumer Financial Protection Bureau. The CFPB is proud to celebrate 10 years of protecting consumers, and looks forward to the next decade.
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.
Many landlords are having trouble making ends meet during the pandemic when tenants can’t pay their rent. Learn more about emergency rental assistance and how it can help you and your tenants get through these difficult times.
Our digital toolkit provides media, intermediaries, and other stakeholders with the latest information and resources to help educate struggling renters and mortgage borrowers of their protections and relief options.
We have notified companies that we will be paying particular attention to practices related to the accuracy of rental information in consumer reports. Learn how to protect yourself and how to take action if denied rental housing because of errors in your tenant screening reports.
July is Military Consumer Month, and we are partnering with the FTC and DoD on events throughout the month to spotlight key financial issues for the military community.
We have temporarily updated our rule for most mortgage servicers to require them ─ when they reach out to borrowers who are behind on their loans or in forbearance ─ to tell borrowers about their options to avoid foreclosure. Learn why you should contact your mortgage servicer if you’re struggling to make your payments.
The CDC just extended the eviction moratorium to July 31, 2021. If you still need help paying your rent, take action now. Our information can help you get started.
We continue to monitor the market to assess new and developing risks to consumers, and we share updated charts from our report that show an improving economic picture, yet sustained housing insecurity risk.
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.
Si le preocupa enfrentar un desalojo y que la moratoria del CDC termine, nosotros contamos con información para ayudarle. Esté informado acerca de cuáles pasos debe tomar, cuál asistencia hay disponible, y qué preguntas debería hacer.
We have information to help if you are concerned about eviction and the upcoming expiration of the CDC eviction moratorium. Stay informed about possible steps you need to take, available assistance, and questions you should ask.
Borrowing and lending money to family and friends is increasingly common during the pandemic. The Friends and Family Exchanges Toolkit is a resource for financial educators to support clients borrowing or lending money because of a financial emergency.
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.
Si usted debe la renta, podría tener derecho a posponer el desalojo usando la Declaración de Protección contra el Desalojo del CDC. También podría tener derecho a recibir notificación de la moratoria de desalojos del CDC por parte de un cobrador de deudas. Sepa más acerca de las prácticas injustas de cobro de deudas y cómo evitar el desalojo durante la pandemia del COVID-19.
If you owe rent, you may have the right to postpone eviction using the CDC Declaration form. You may also have the right to receive notice of the CDC moratorium from a debt collector. Learn more about unfair debt collection practices and how to avoid eviction during COVID-19.
Scammers are taking advantage of the pandemic and fraudulently filing unemployment claims using stolen personal identity information. If you received a 1099-G tax form for unemployment benefits that you didn’t apply for or receive, you may be a victim of identity theft.
Existen estafadores que están aprovechándose de la pandemia para introducir de forma fraudulenta, reclamos de beneficios por desempleo, utilizando información personal de identidad robada. Si le llegó una planilla de impuestos 1099-G por beneficios por desempleo que no ha solicitado o recibido, usted podría ser víctima de un robo de identidad.
April is National Financial Capability Month, and we’re highlighting ways to prevent and recover from financial hardship during the pandemic and future uncertain times.
Americans are receiving the third and latest round of financial relief through the Economic Impact Payments (EIP). Yet, millions still haven’t received the first and second payments – and likely won’t receive the third unless they file a 2020 tax return. View our complete guide to the COVID-19 Economic Impact Payments.