Newsroom

The Consumer Financial Protection Bureau (CFPB) and the Federal Deposit Insurance Corporation (FDIC) today announced the joint release of an enhanced version of the award-winning financial education curriculum, Money Smart for Older Adults. The enhanced version includes a new section to help people avoid “romance scams” and an updated resource guide. The enhancements to Money Smart for Older Adults are based on stakeholder feedback and recent research conducted by the FDIC and CFPB for this collaborative effort.

Today, the Consumer Financial Protection Bureau (CFPB) filed a lawsuit in federal court against BrightSpeed Solutions Inc. (BrightSpeed) and its founder and former chief executive officer, Kevin Howard, for knowingly processing payments for companies engaged in internet-based technical-support fraud. Chicago-based BrightSpeed was a privately owned, third-party payment processor founded and operated by Howard in 2015 and wound down business operations in March 2019.

The Consumer Financial Protection Bureau released an online resource to help communities form networks to increase their capacity to prevent and respond to elder financial abuse.

The Consumer Financial Protection Bureau released a first-of-its-kind study examining the financial resources and expenses of retirees during the first five years of retirement among Americans who retired between 1992 and 2014.

The CFPB issued a report with state-by-state comparisons of financial well-being scores.

The Consumer Financial Protection Bureau (Bureau) today issued an updated advisory to financial institutions urging them to report to the appropriate local, state and federal authorities whenever they suspect that an older adult is the target or victim of financial exploitation.

Press Availability with Acting Director Mick Mulvaney.

CFPB Releases Consumer Guide and Video Explaining Reverse Mortgages.

Report Shows Older Consumers Report Problems with Reverse Mortgages, Scams, Credit Cards, and Add-On Products.

Growing Concerns as Number of Older Student Loan Borrowers Quadruples, Amount of Debt Per Senior Borrower Doubles in Last Decade.

CFPB Issues Guide and Best Practices to Help Communities Create Protection Partnerships for Seniors.

One in Five Older Americans Report Being Victims of Financial Exploitation The Bureau today issued an advisory and a report with recommendations for banks...

Companies Hid Loan Interest Rates and Fees and Deceived Consumers About Other Terms of the Deal Today the Bureau and the New York Department of Financial...

CFPB Issues Advisory Offering Tips to Borrowers on Protecting Family Members Today the Bureau released a report highlighting the top complaints for reverse...

Bureau Issues Consumer Advisory with Tips for Older Americans Dealing with Harassing Debt Collectors Today, the Bureau released a report highlighting debt...

The Federal Deposit Insurance Corporation (FDIC) and CFPB today launched a Spanish-language version of Money Smart for Older...

Today, the Bureau released a guide to help assisted living and nursing facility staff better protect the people in their care by preventing and addressing...

CFPB Issues Advisory about Managing Mortgage Debt in Retirement Today, the Bureau released a snapshot report spotlighting the mortgage debt challenges faced...

Today, the Bureau published four guides to help financial caregivers, particularly those who handle the finances of older Americans, carry out their duties...

Today, we are releasing the Managing Someone Else's Money guides to help Americans of all ages better understand their responsibilities if they are called...

Seven federal regulatory agencies today issued guidance to clarify that the privacy provisions of the Gramm-Leach-Bliley Act generally permit financial...

The newest addition to the FDIC's Money Smart financial curriculum family, this stand-alone training module developed by both agencies provides information...

The CFPB found that there are more than 50 different senior designations that financial advisers use to indicate that they have advanced training or expertise in the financial needs of older consumers.

Today's actions stem from a joint "sweep," a review conducted by the CFPB and the FTC of about 800 randomly selected mortgage-related ads across the...

"Our older adult population is growing every year, which makes it even more critical that we study this issue. Today, the Bureau will launch a public...