According to a new CFPB report, at-risk student loan borrowers are struggling with repayment, even with options to help them available.
Record Student Debt Spurring Employers to Offer Student Loan Repayment Benefits
Consumer Financial Protection Bureau Study Finds Consumers in Lower-income Areas are More Likely to Become Credit Visible Due to Negative Records
Consumers In Higher-Income Areas More Likely Than Those in Lower-Income Areas to Establish Credit with a Credit Card or Co-Borrower
Report Also Includes In-Depth Look at Consumer Complaints from North Carolina
Financial coaching can help consumers achieve their financial goals. It’s a strategy that financial educators can implement with the people they serve. Read more about our two briefs: “Financial Coaching: A Strategy to Improve Financial Well-Being” and “Implementing Financial Coaching: Implications for Practitioners.”
Project Also Finds Savings Persist After Offers End
Prepared Remarks of CFPB Director Richard Cordray to Corporation for Enterprise Development Assets Learning Conference
Good afternoon and thank you for inviting me today. It is good to be here with so many people who have similar goals and ideals. The thread that ties us together is our shared commitment to the goal of empowering the economically vulnerable among us. At the Consumer Financial Protection Bureau, we understand our ultimate goal is to make sure every consumer counts.
We are seeking your research on consumer finance for our conference this December. Submit your completed papers or detailed abstracts by August 26.
We recently studied how auto title loans affect consumers. Read our blog to find out what we learned.
Majority of Auto Title Loan Business Comes From Borrowers Stuck In Debt for Most of the Year