Here’s how coaching can help you meet your financial goals
At the CFPB, we believe all consumers have the right to achieve greater financial wellbeing for themselves and their families. That's why we've studied a...
Blog archive
Save the date: Join us for a Consumer Advisory Board meeting in Washington, D.C.
RSVP to join us for a Consumer Advisory Board meeting in Washington, D.C., where we will discuss arbitration, trends and themes in the marketplace, and...
Live from Denver!
Today, we held a field hearing on arbitration in Denver. The hearing featured remarks from Director Richard Cordray, as well as testimony from consumer...
New proposal to ban companies from using arbitration clauses as a free pass to avoid accountability
Buried in many contracts for consumer financial products are arbitration clauses that block consumers from seeking relief through class action lawsuits...
Know Before You Owe: New mortgage disclosures, new rule
Today, the process of getting a mortgage is easier to understand because the Know Before You Owe mortgage disclosure rule is now in effect. We've put...
Understanding the mortgage process: Your home loan toolkit
To help you navigate the steps you have to take to get a mortgage, take a look at our new booklet, "Your Home Loan Toolkit: A Step-By-Step Guide." This...
What’s that chip doing on my credit card?
Lately, we've received questions from people wanting to know what these chips are and how they work. As a new federal agency, we're committed to providing...
Hudson City Savings Bank to pay $27 million to increase access to credit in Black and Hispanic neighborhoods it discriminated against
The complaint alleges that Hudson City redlined by locating its branches and selecting mortgage brokers nearly all outside of majority-Black-and-Hispanic...
Know Before You Owe: Closing Disclosure
The Closing Disclosure is a five-page form that helps you understand the key features, costs, and risks of your mortgage loan. These changes make it easier...
Know Before You Owe: Loan Estimate
The new form is part of our Know Before You Owe mortgage disclosure rule that's making the mortgage process work better for you. The Loan Estimate uses...
HMDA data shows more people took out a mortgage to purchase a home in 2014 than 2013
As part of our work to educate consumers to make informed financial decisions, we at the CFPB—along with the other members of the FFIEC—are committed to...
Save the date, Denver!
RSVP to join us for a field hearing in Denver, Colo., about arbitration.
Save the date: Join us for a Credit Union Advisory Council meeting in Washington, D.C.
RSVP to join us for a Credit Union Advisory Council meeting in Washington, D.C., where we will discuss consumer challenges in payments.
Buying a House: The homebuyer’s trusted resource
At the CFPB, we are working to make the process of getting a mortgage simpler and easier to understand. Part of that work is a new rule that improves...
Know Before You Owe: Making the mortgage process easier for you
You have the right to compare offers and understand the terms before you sign on the dotted line. After four years of work, these new forms and tools will...
Save the date: Join us for a Community Bank Advisory Council meeting in Washington, D.C.
RSVP to join us for a Community Bank Advisory Council meeting in Washington, D.C., where we will discuss consumer challenges in payments.
The right shoes and common sense can help your preteen gain financial ground
We recently heard stories from parents that reinforce what our research shows: The preteen years are critical for developing an internal compass for what's...
When your child learns self-control, it helps their financial future, too
As a parent, you are the most powerful influence on your children's financial lives. In the first five years of life, children go through rapid neurological...
Servicemembers: Protecting your credit when you’re away from home
Being away and mission-focused means you won't be able to regularly check your accounts or credit report, so you may be at increased risk for fraud or...
New students should look closely at college-sponsored bank accounts and shop around
On campus, a bank account may be marketed to you that is co-branded with your college's logo and may be attached to your campus ID through a debit card. But...
This month’s Complaint Report: Credit reporting issues
In the past month, credit reporting complaints showed the greatest monthly percentage increase compared to other products the CFPB accepts complaints about...
When you make student loan payments on an income-driven plan, you might be in for a payment shock
For borrowers who are experiencing financial distress and looking for a way to pay back their federal student loans, income-driven repayment plans can be...
Live from Springfield, Va.: Managing Someone Else’s Money
Today, we held a event about financial management for seniors and their caregivers at the Greenspring senior living community. The event featured remarks...
Three things to do before closing: What we learned from studying eClosing
Today we're releasing the results of a pilot program where we explored tools and process changes that can help consumers better navigate closing by...
Live from CFPB: Forum on Know Before You Owe eClosing pilot
Today, we held a forum on our Know Before You Owe eClosing pilot findings here at the CFPB. The forum featured remarks from Director Richard Cordray, as...
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