Blog | Consumer Financial Protection Bureau

Info for consumers

Published NOV 21, 2023

Piloting disclosures for construction loans

Individual lenders can apply to enroll in a testing pilot of alternative, tailored disclosures for construction loans designed to improve consumer understanding of loan terms and costs.

Info for consumers

Published JUL 11, 2022

Promoting Competition in Our Financial Markets

Congress has charged the CFPB with ensuring that markets for consumer financial products are competitive. Over the last year, the CFPB has taken a number of steps to promote competition in our markets.

By Rohit Chopra

At the CFPB

Published AUG 18, 2021

The Bureau continues to fight to help alleviate housing insecurity through its Tech Sprint Program

As part of CFPB’s continued effort to combat housing insecurity and promote racial equity, the Bureau is partnering with the Department of Housing and Urban Development to lead a tech sprint on post-pandemic housing challenges.

By Dave Uejio

At the CFPB

Published APR 26, 2021

Innovation and collaboration: Tech sprints support improvements in consumer notifications and data collection and processing

CFPB releases results from its first tech sprints to identify innovations and improvements in the way we use technology to create transparent, equitable, and fair financial markets.

By Dave Uejio

Policy and compliance

Published SEP 01, 2020

CFPB’s first tech sprint on October 5-9, 2020: Help improve consumer adverse action notices

The Consumer Financial Protection Bureau announced its first Tech Sprint to reduce regulatory burden and improve consumer understanding of financial services.

By Albert Chang, Tim Lambert, and Jennifer Lassiter

Innovation

Policy and compliance

Published JUL 07, 2020

Innovation spotlight: Providing adverse action notices when using AI/ML models

Spotlight on providing adverse action notices under the Equal Credit Opportunity Act and the Fair Credit Reporting Act when using machine learning and other artificial intelligence models.

By Patrice Alexander Ficklin, Tom Pahl, and Paul Watkins

Data, research, and reports

Published APR 30, 2020

Protecting consumers and encouraging innovation: 2019 Fair Lending Report to Congress

This report describes our fair lending activities in innovation, outreach, prioritization, guidance and rulemaking, supervision, and enforcement for calendar year 2019.

By Patrice Alexander Ficklin and Frank Vespa-Papaleo

Policy and compliance

Published AUG 06, 2019

An update on credit access and the Bureau’s first No-Action Letter

An update on results provided under the Bureau’s No-Action Letter on alternative data and machine learning.

By Patrice Alexander Ficklin and Paul Watkins

Policy and compliance

Published SEP 13, 2018

CFPB Office of Innovation proposes “disclosure sandbox” for companies to test new ways to inform consumers

The Bureau’s new Office of Innovation is proposing a “Disclosure Sandbox” to give companies leeway to test new disclosures or delivery methods that may better serve consumers.

Data, research, and reports

Published SEP 18, 2017

Project Catalyst collaboration to improve understanding of financial well-being

The CFPB is launching a research pilot with Credit Karma to help understand consumer financial well-being.

By Genevieve Melford and Dan Quan

Policy and compliance

Published SEP 14, 2017

Supporting consumer-friendly innovation: Announcing our first no-action letter

Our first-ever no-action letter is being issued to Upstart.

By Patrice Alexander Ficklin and Dan Quan

Info for consumers

Published NOV 17, 2016

Technology is changing how people access their financial records. Share your story.

Many new financial innovations rely on people choosing to give a company access to their digital financial records held by another company. If you're using...

By Dan Quan and Will Wade-Gery

Data, research, and reports

Published OCT 03, 2016

Project Catalyst research pilot: Tools for saving

We released the results of a Project Catalyst research project finding that offering a small incentive to prepaid card users to put some of their money...

By Melissa Knoll, Dan Quan, and Dave Sieminski

Policy and compliance

Published OCT 10, 2014

We’re open to innovative approaches to benefit consumers

Take a look around and you'll see that the consumer financial marketplace is experiencing constant and rapid change. New technologies and insights can...

By Dan Quan

Data, research, and reports

Published OCT 02, 2014

Promoting saving at tax time

Today, we're announcing that as part of Project Catalyst, we'll be working with H&R Block to evaluate practices to promote consumer saving behavior during...

By Dan Quan

Data, research, and reports

Published SEP 25, 2014

New Project Catalyst research pilot to study early intervention credit counseling

We're announcing a research pilot aimed at assessing the potential impact of early intervention credit counseling. We know that defaulting on credit card...

By Dan Quan

Policy and compliance

Published OCT 03, 2013

Disclosures: A new avenue for improvement

We have finalized a new trial disclosure policy, which allows companies to apply for a waiver to test potential disclosure improvements on a trial basis...

By Alex Plunkett

Policy and compliance

Published JUN 19, 2013

An update on trial disclosures

Yesterday, we made a significant update to our proposed policy to encourage trial disclosure programs, which allow companies, on a trial basis, to test...

By Will Wade-Gery

At the CFPB Policy and compliance

Published MAR 01, 2013

Project Catalyst develops portfolio to support innovation

The initiatives announced at the start of Project Catalyst are gaining early traction. In November 2012 in Mountain View, Calif., we launched Project...

By Rebekah Emanuel and Ana Mahony

At the CFPB

Published NOV 14, 2012

Watch live, Mountain View, CA!

We were in Mountain View, CA for the launch of Project Catalyst. The live event has ended. CFPB Director Richard Cordray announced the launch of Project...