Protecting homeowners from discriminatory home appraisals
This week, the CFPB filed a joint Statement of Interest with the Department of Justice to protect homebuyers and homeowners from discriminatory appraisals.
Blog archive
CFPB starting mandated review of mortgage loan originator rules
The CFPB issued a Request for Information on the economic impact of mortgage loan originator rules on small mortgage companies.
Tell us about your experiences with rental background checks and fees
The CFPB and the FTC want to hear about challenges you’ve faced because of rental background checks.
Seeking public input: new proposal for alternative mortgage disclosures for construction loans
The public can submit comments through March 29, 2023 on an application to create an alternative mortgage disclosure to improve understanding and facilitation of construction loans.
CFPB finalizes update to administrative enforcement proceedings
Today the CFPB finalized an update to our procedural rule regarding administrative adjudication.
Our auto finance data pilot
The CFPB is piloting a new collection of auto data. As part of that effort, we issued orders to nine large auto lenders to provide information about their auto lending portfolio.
Why the largest credit card companies are suppressing actual payment data on your credit report
Credit card companies are failing to report your actual payment data to the nationwide consumer reporting companies. The CFPB asked why, and this is what we learned.
WARNO: They call themselves “coaches” or “consultants” and advertise their ability to assist you with your VA benefits claim but may not be accredited to practice before the VA
Seeking help from a VA-accredited attorney, claims agent, or VSO representative can ensure you receive assistance throughout the claims process with VA and avoid excessive fees.
Appraisal standards must include federal prohibitions against discrimination
The CFPB joins with other regulators in asking The Appraisal Foundation to clearly instruct appraisers about the federal law forbidding appraisal discrimination.
Debt collectors re-evaluate medical debt furnishing in light of data integrity issues
Debt collectors are moving away from furnishing medical debt, in part, due to data integrity challenges in medical debt collections.
Strengthening information accessibility for consumers with limited English proficiency
Navigating financial challenges can be hard, especially when English isn’t your primary language. Here are steps the CFPB is taking to ensure our financial education resources are accessible to all consumers.
Our agency-wide effort to listen to the people we serve
The CFPB conducts user research and utilizes design sprints to organize our work, allowing us to make listening to the people we serve a core business practice.
Office of Research blog: Credit score transitions during the COVID-19 pandemic
Credit score tiers shifted upward during the pandemic, with more consumers transitioning from subprime to prime credit scores.
For many struggling mortgage borrowers with home equity, selling their home could be an alternative to foreclosure
Mortgage servicers can talk to homeowners at risk for foreclosure- but who have home equity about considering a traditional sale as one option to avoid foreclosure.
CFPB releases updates to mortgage servicing exam procedures
Today, the CFPB is releasing our updated Mortgage Servicing Examination Procedures, providing transparency to stakeholders about how we do our work.
What’s ahead for Wells Fargo and its customers
See the basics of CFPB’s enforcement action against Wells Fargo, the customers who were affected, and the practices that violated federal law.
Protecting people’s access to their money
This week, the CFPB filed a friend-of-the-court brief to ensure people have access to legal protections for their government benefit prepaid cards.
What new supervised institutions need to know about working with the CFPB
The CFPB’s supervisory activities may help entities identify issues before they become systemic or cause significant harm. Here’s what newly supervised institutions can expect from a supervisory relationship with the CFPB.
Office of Research Blog: Even as rents increase, fewer people are buying
New research from the CFPB Office of Research: With high inflation, many renters are struggling, yet relatively few found assistance. In addition, the transition to homeownership has slowed markedly in the past year.
Mortgage financing options in a higher interest rate environment
With mortgage interest rates the highest they have been in 20 years, homebuyers are more likely to be offered, or seek out, alternatives to fixed-rate mortgages to help lower their monthly mortgage payments.
Consumers harmed by prison financial services company JPay to receive compensation
The JPay $4 million redress fund will be distributed to consumers beginning December 14, 2022.
CFPB to issue $95 million in redress to consumers harmed by Premier Student Loan Center
The CFPB will distribute over $95 million in redress to over 87,000 consumers harmed by a student loan debt relief enterprise operated by Consumer Advocacy...
Consumers harmed by fraudulent student loan debt-relief services will receive payments
Consumers will receive checks from the CFPB’s enforcement action against five student loan debt-relief companies associated with Monster Loans and Lend Tech Loans for violating consumer protection laws.
You can help caregivers spot illegal nursing home debt collection tactics
Here are some steps you can take to protect caregivers from nursing homes and debt collectors who may be billing and suing caregivers for residents’ cost of care based on illegal admission contracts.
Update on state laws on lending to businesses
CFPB issues a notice of intent to make a preemption determination under the Truth in Lending Act (TILA).
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