Know Before You Owe: Weigh in now!
In May, we introduced the Know Before You Owe project to give consumers, lenders, and other industry participants a way to help us make mortgage shopping...
Blog archive
Mortgage disclosures are getting better, thanks to you.
On July 21st, the Bureau opened its doors for business. That means that we have started taking your credit card complaints, and initiated the supervision...
Keeping a good credit score
Credit scores are important for consumers. They affect the rate of interest on a mortgage, credit card, or auto loan and can even play a role in whether you...
A consumer-centered supervision program
Yesterday, we began operation of what will be the largest function within the CFPB: Supervision. As part of this effort, Special Advisor to the Secretary of...
Preserving a level playing field and access to mortgages
Today, the CFPB is issuing an interim rule effective immediately to fill a regulatory gap. Some lenders are chartered or licensed by states, while others...
A Strong Foundation
One year ago, Congress passed and President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act, which created this new Consumer...
The CFPB and JAGs: partnering to protect servicemembers
The Bureau and the Judge Advocate Generals of the United States Army, Marine Corps, Navy, Air Force, and Coast Guard yesterday announced an agreement on a...
Reaching out for Input: Help Us Define “Larger Participants.”
Today and tomorrow, we will be meeting with nearly 100 organizations from across the country to hear their views about an important building block for our...
Get Ready to Conquer Your Student Loans
More than two-thirds of students who go to college borrow money to pay for it. The average graduating senior has over $23,000 in student loan debt. As we...
Know Before You Owe: We’re Back!
Last month, we introduced the Know Before You Owe project to give consumers, lenders, and other industry participants a way to help us make mortgage...
Mortgage Disclosure Is Heating Up
Previously, we talked about participation by people from locations all over the country in the Know Before You Owe project. Today, we want to share some...
13,000 Lessons Learned
As you might recall, the Dodd-Frank Act instructed the CFPB to replace the Truth in Lending form and the Good Faith Estimate with a single integrated mortgage disclosure.
Explainer: What is a nonbank, and what makes one “larger”?
Dear CFPB, I noticed you posted a request for public comments on "larger participants" for your "nonbank supervision" program. I don't understand what this...
Know Before You Owe, Credit Unions, and Community Banks
As you have been reading here on the blog, we released the first draft versions of a combined Good Faith Estimate and Truth in Lending disclosure form in...
Know Before You Owe: Where Did the Online Participants Come From?
We received thousands of comments in response to the first phase of our Know Before You Owe project, which asked the public for input on a single, simpler...
Remembering
Monday is Memorial Day. For many Americans, that means a three-day weekend, the start of the summer season, and a chance to hit the sales. When asked "What...
Older Americans and the CFPB
May is Older Americans Month. In his proclamation for the month, President Obama spoke of honoring the contributions older Americans have made and will...
Working to Give Consumers the Transparency They Deserve
Today, Professor Warren is testifying before Congress on our progress in building the consumer bureau. In her written testimony, she discusses our Know...
Know Before You Owe. Go!
We've just posted two draft designs for a single, simpler mortgage disclosure form on our Know Before You Owe page. Now, we need to hear from you! The task...
Independent Research at the CFPB
The CFPB is building an Office of Research to support its commitment to evidence-based policymaking. The research office will produce new findings that...
Know Before You Owe: Designing a New Disclosure
This is the second in a series of blog posts about the Know Before You Owe project. To stay informed, sign up for e-mail updates. If you were designing a...
Know Before You Owe: Help Us Make Your Mortgage Forms Better
Let's say you want to buy a home or refinance your mortgage. You might be in the market to buy today, or you might be planning to do so down the road. You...
Financial Education for Moms and All Women
Mothers Day provides another opportunity to highlight the importance of financial education for women. Financial insecurity affects all Americans, but women...
CFPB Spending Update
Today, the CFPB is issuing its second spending update. As we stated in our last update, the goal of these releases is to provide you with a snapshot of how...
Talking to Our Daughters and Sons about Personal Finance
Today is Take Our Daughters and Sons to Work Day! This day is partly about the fun children can have in seeing your workplace, but it is also a chance for...
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