CFPB Adopts Rule to Improve Consumer Access to Appraisal Reports
The Dodd-Frank Wall Street Reform and Consumer Protection Act requires that lenders give consumers a copy of each appraisal or other estimate free of charge...
Newsroom
Agencies Issue Final Rule on Appraisals for Higher-Priced Mortgage Loans
For higher-priced mortgage loans, the rule requires creditors to use a licensed or certified appraiser who prepares a written appraisal report based on a...
CFPB Issuing Rules to Prevent Loan Originators from Steering Consumers into Risky Mortgages
The rules ban certain incentives that loan originators had to sell unsafe loans to consumers in the run-up to the financial crisis.
CFPB Rules Establish Strong Protections for Homeowners Facing Foreclosure
The CFPB's mortgage servicing rules ensure that borrowers in trouble get a fair process to avoid foreclosure. Borrowers shouldn't have to worry about...
Consumer Financial Protection Bureau Issues Rule to Protect Consumers from Irresponsible Mortgage Lending
The rule also protects borrowers from risky lending practices such as "no doc" and "interest only" features that contributed to many homeowners ending up in...
CFPB Issues Rules to Strengthen Protections for High-Cost Mortgages
In addition to strengthening the protections for high-cost mortgages, the Bureau today is implementing a requirement of the Dodd-Frank Act that lenders...
CFPB Announces Increase in Home Mortgage Disclosure Act Asset-Size Exemption Threshold
Based on the adjustments announced today, the asset-size exemption for banks, savings associations, and credit unions will increase to $42 million. As a...
CFPB Proposes Revisions to Rule Protecting Consumers Sending Money Internationally
Today's proposal builds on a final rule on international money transfers that was published by the Bureau on February 7, 2012, and later supplemented on...
CFPB Proposes to Allow Companies to Run Trial Disclosure Programs
As part of its Project Catalyst initiative, and in line with its statutory authority, the Bureau's goal is to encourage banks, credit unions, and other...
Financially Empowering Stay-at-Home Partners
Our proposal would add accessible income as a way to allow spouses and partners not working outside the home to qualify for credit and build their own...
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...
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...
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...
CFPB Makes International Money Transfers Easier for Certain Financial Institutions
The rule implements new protections under the Dodd-Frank Wall Street Reform and Consumer Protection Act that require remittance transfer providers to...
CFPB Adopts Rule for the Protection of Privileged Information
"We are committed to safeguarding the confidential information of the institutions we supervise to ensure the Bureau is best equipped to do its job and...
CFPB Seeks Further Comment on Ability-to-Repay Mortgage Rule
"Through our ability-to-repay rule, we want to ensure that consumers are not set up to fail with mortgages they cannot afford and we want to protect access...
CFPB Proposes Procedural Rule on Supervising Nonbanks that Pose Risks to Consumers
"This is an important step in the development of our nonbank supervision program," said CFPB Director Richard Cordray. "This proposal allows us to reach...
CFPB Considers Rules on Prepaid Cards
The Bureau's Advance Notice of Proposed Rulemaking seeks input on how to ensure that consumers' funds on prepaid cards are safe and that card terms and fees...
CFPB Considers Rules to Simplify Mortgage Points and Fees
These rules, which the CFPB expects to propose this summer and finalize by January 2013, would make it easier for consumers to understand mortgage costs and...
CFPB Seeks Public Comment on Amendment to Credit Card Act Rule
At issue in the lawsuit is the total amount of fees that a credit card issuer may require a consumer to pay with respect to a credit card account prior to...
CFPB Outlines Borrower-Friendly Approach to Mortgage Servicing
"The mortgage servicing rules we are considering reflect two basic, common-sense principles – no surprises and no runarounds," said CFPB Director Richard...
Consumer Financial Protection Bureau proposes rule for the protection of privileged information
The proposed rule is intended to provide supervised entities further assurances that providing privileged information to the Bureau will not adversely...
Consumer Financial Protection Bureau, Federal Trade Commission pledge to work together to protect consumers
"Entering this agreement with the FTC is important to making sure markets for consumer financial products are getting efficient and effective federal...