CFPB Launches Project Catalyst to Spur Consumer-Friendly Innovation
The Bureau views this project as an important means of fulfilling its mandate under the Dodd-Frank Wall Street Reform and Consumer Protection Act to give...
Newsroom
Federal Housing Finance Agency and Consumer Financial Protection Bureau to Partner on Development of National Mortgage Database
The database will primarily be used to support the agencies' policymaking and research efforts and to help regulators better understand emerging mortgage...
CFPB Report Highlights Problems in Market Discovered Through Supervisory Actions
"This report underscores our work to address practices that are risky to consumers, as well as our continued commitment to making sure that institutions are...
CFPB to Oversee Debt Collectors
Today, the Consumer Bureau is issuing a new regulation to expand our supervision program to oversee these credit reporting companies. The authority to...
CFPB Now Taking Complaints on Credit Reporting
Consumer reporting agencies, which include what are popularly called credit bureaus or credit reporting companies, are private businesses that track a...
CFPB Report Finds Servicemembers Face Hurdles in Accessing Student Loan Benefits
The hurdles they describe range from not being able to get the information they need, to being met with roadblocks when they do try to pursue their benefits.
CFPB Proposes Making it Easier for Stay-at-Home Spouses and Partners to Get Credit Cards
Today's proposal would allow a stay-at-home spouse or partner to rely on shared income from his or her spouse or partner when applying for a credit card...
Consumer Financial Protection Bureau Report Finds Private Student Loan Borrowers Face Roadblocks to Repayment
According to the report, private student loan borrowers say they are sometimes surprised by the terms and conditions of their loans, they are given the...
FFIEC Statement on the Impact of Drought Conditions on Financial Institutions
The Federal Financial Institutions Examination Council today encouraged financial institutions to work constructively with borrowers affected by drought...
CFPB Orders American Express to Pay $85 Million Refund to Consumers Harmed by Illegal Credit Card Practices
This action is the result of a multi-part federal investigation which found that at every stage of the consumer experience, from marketing to enrollment to...
Consumer Financial Protection Bureau Study Finds Credit Scores Used by Consumers and Lenders Can Differ
The study found that about one out of five consumers would likely receive a meaningfully different score than would a lender.
Federal Deposit Insurance Corporation and Consumer Financial Protection Bureau Order Discover to Pay $200 Million Consumer Refund for Deceptive Marketing
The joint investigation concerned deceptive telemarketing and sales tactics used by Discover to mislead consumers into paying for various credit card...
Federal Financial Institutions Examination Council Announces Availability of 2011 Data on Mortgage Lending
The HMDA data made available today cover 2011 lending activity — applications, originations, purchases and sales of loans, denials, and other actions...
CFPB Announces Consumer Advisory Board Members
The newly appointed board members include experts in consumer protection, financial services, community development, fair lending, civil rights, and...
CFPB Releases Exam Procedures for Consumer Reporting Market
The examination process will be an ongoing process of pre-examination scoping and review of information, data analysis, onsite examinations, and regular...
CFPB Announces Senior Personnel Changes
Among those named are: Acting Assistant Director for Regulations; Senior Counsel in the Office of the Director; Deputy General Counsel; and Staff Director...
CFPB Proposes Rules to Bring Greater Accountability to Mortgage Market
These rules, which the CFPB is seeking comment on and will finalize by January 2013, would make it easier for consumers to understand mortgage costs and...
Consumer Financial Protection Bureau Seeks Input on Gift Card Laws
Today the Bureau announced that it is considering two requests for decisions on whether certain provisions of unclaimed property laws in Maine and Tennessee...
Agencies Issue Proposed Rule on Appraisals for Higher-Risk Mortgages
For higher-risk mortgage loans, the proposed rule would require creditors to use a licensed or certified appraiser who prepares a written report based on a...
CFPB Proposes Rule to Improve Consumer Access to Appraisal Reports
Under the proposed rule, creditors could still charge reasonable fees associated with conducting appraisals and home value estimates; however, the rule...
CFPB Proposes Rules to Protect Mortgage Borrowers
"These proposed rules would offer consumers basic protections and put the Ôservice' back into mortgage servicing. The goal is to prevent mortgage servicers...