Blog | Consumer Financial Protection Bureau

Info for consumers

Published APR 28, 2023

Adjustable-rate loans are changing, because a widely-used interest rate index expires in June

Companies that provide adjustable-rate mortgages, student loans, home equity lines of credit, reverse mortgages, and credit cards are ending their use of a popular interest rate index, which expires June 30, 2023.

Info for consumers

Published DEC 07, 2021

The LIBOR index for adjustable-rate loans is being discontinued: here’s what to watch for

Adjustable-rate mortgages, student loans, HELOCs, reverse mortgages and credit cards that are tied to a LIBOR index, which is expiring. Learn how this change could impact your interest rate.

By Davida Farrar

Info for consumers

Published JUL 22, 2021

We have resources to help you avoid foreclosure

Foreclosure moratoria are ending. The CFPB has resources to help homeowners avoid foreclosure.

Info for consumers

Published DEC 16, 2020

Avoid Reverse Mortgage Shopping Scams

As a result of the economic uncertainty caused by the COVID-19 pandemic, scammers may be targeting older homeowners through reverse mortgage schemes. Learn how to spot and avoid these reverse mortgage scams.

By Cora Hume

Info for consumers

Published AUG 24, 2017

Things to consider before borrowing a reverse mortgage to delay collecting Social Security

Resources to help you decide whether to borrow a reverse mortgage to delay collecting Social Security benefits.

By Stacy Canan