Delinquencies on credit accounts continue to be low despite the pandemic
Posted:Wednesday June 16, 2021
New Bureau research examines consumer credit trends through April 2021, finding little increase in delinquencies on credit cards, auto loans, mortgages, and student loans during COVID-19. Delinquency rates also remain lower than pre-pandemic levels, likely as a result of public and private interventions.
HMDA Threshold Report Blog
Posted:Monday June 14, 2021
In this blog, we explain the data source and analytical approach, as well as key findings from the report ‘A Brief Note on General Lending Patterns of Small to Medium Size Closed-end HMDA Reporters’
Spring 2021 Rulemaking Agenda
Posted:Friday June 11, 2021
Under the Regulatory Flexibility Act, Federal agencies must publish regulatory agendas twice a year. CFPB participates in the Unified Agenda process, which is led by the Office of Management and Budget (OMB).
Addressing racial inequities in consumer finance markets
Posted:Wednesday June 02, 2021
As Acting Director, my top priorities are to take bold and swift action to address issues of pervasive racial injustice and the long-term economic impacts of the COVID-19 pandemic on consumers.
Summary of the 2021 CFPB Research Conference
Posted:Thursday May 27, 2021
The Bureau hosted its 5th Research Conference that highlighted recent research in consumer and household finance. The conference brought together members of the academic and policy research communities, including a keynote address by Raphael Bostic, President of the Federal Reserve Bank of Atlanta.
Making Ends Meet series: Consumer use of payday, auto title, and pawn loans
Posted:Wednesday May 05, 2021
A new analysis in our Making Ends Meet survey series looks at how consumers use payday, auto title, and pawn loans. Use of these loans is persistent from year to year. Some consumers of these loans have lower cost credit available, while others lack access to other credit.
Money Smarts for Military Families
Posted:Friday April 30, 2021
This blog highlights resources that servicemembers, military families and educators can use to teach children, teens, and young adults how to manage money.
Sepa cuáles son sus derechos como inquilino que enfrenta un desalojo
Posted:Thursday April 22, 2021
Si usted debe la renta, podría tener derecho a posponer el desalojo usando la Declaración de Protección contra el Desalojo del CDC. También podría tener derecho a recibir notificación de la moratoria de desalojos del CDC por parte de un cobrador de deudas. Sepa más acerca de las prácticas injustas de cobro de deudas y cómo evitar el desalojo durante la pandemia del COVID-19.
Know your rights as a renter facing eviction
Posted:Monday April 19, 2021
If you owe rent, you may have the right to postpone eviction using the CDC Declaration form. You may also have the right to receive notice of the CDC moratorium from a debt collector. Learn more about unfair debt collection practices and how to avoid eviction during COVID-19.
Unemployment benefits scams: How to protect yourself
Posted:Wednesday April 07, 2021
Scammers are taking advantage of the pandemic and fraudulently filing unemployment claims using stolen personal identity information. If you received a 1099-G tax form for unemployment benefits that you didn’t apply for or receive, you may be a victim of identity theft.
Estafas con beneficios por desempleo: Cómo puede protegerse
Posted:Wednesday April 07, 2021
Existen estafadores que están aprovechándose de la pandemia para introducir de forma fraudulenta, reclamos de beneficios por desempleo, utilizando información personal de identidad robada. Si le llegó una planilla de impuestos 1099-G por beneficios por desempleo que no ha solicitado o recibido, usted podría ser víctima de un robo de identidad.
Mortgage Servicer Communication: Strategies during the COVID-19 pandemic
Posted:Monday April 05, 2021
The COVID-19 pandemic is presenting one of the biggest challenges to the mortgage servicing industry since the Great Recession. There are an estimated 3 million delinquent loans, including more than 2 million loans in long-term forbearance. The Bureau is closely monitoring how servicers are handling the increased volume and emphasizes the importance of good communication especially at a time when so many homeowners are distressed. The Bureau also encourages servicers to use all available tools to reach struggling homeowners.
A complete guide to COVID-19 financial relief
Posted:Friday April 02, 2021
Americans are receiving the third and latest round of financial relief through the Economic Impact Payments (EIP). Yet, millions still haven’t received the first and second payments – and likely won’t receive the third unless they file a 2020 tax return. View our complete guide to the COVID-19 Economic Impact Payments.
The CFPB is here to help consumers facing housing insecurity
Posted:Thursday April 01, 2021
The CFPB was born out of the 2008 financial crisis to protect the economically vulnerable. During COVID-19 and the resulting economic crisis, we’re doubling down on that commitment. Learn how the CFPB is using our tools to protect consumers facing housing insecurity.