Today, the CFPB finalized a rule outlining the qualifications to become a recognized industry standard setting body, which can issue standards that companies can use to help them comply with the CFPB’s upcoming Personal Financial Data Rights Rule.| Consumer Financial Protection Bureau
The CFPB published a new issue spotlight highlighting the impacts of Big Tech companies’ policies and practices that govern tap-to-pay on mobile devices like smartphones and watches.| Consumer Financial Protection Bureau
A credit score is a prediction of how likely you are to pay a loan back on time based on information from your credit reports.| Consumer Financial Protection Bureau
The CFPB is issuing this interpretive rule to clarify that lenders clarifies that these lenders are “card issuers” for purposes of Regulation Z because the term “credit card” encompasses digital user accounts that consumers use to access Buy Now, Pay Later (BNPL) credit.| Consumer Financial Protection Bureau
CFPB Director Rohit Chopra delivered prepared remarks on an interpretive rule that confirms that Buy Now, Pay Later lenders are credit card providers.| Consumer Financial Protection Bureau
Today the Consumer Financial Protection Bureau (CFPB) issued a series of orders to five companies offering “buy now, pay later” (BNPL) credit.| Consumer Financial Protection Bureau
Business model relies on data collection, and loans serve as close substitute for credit cards.| Consumer Financial Protection Bureau
Here are some suggestions on how to find a lawyer, and a list of free legal aid programs by state.| Consumer Financial Protection Bureau
Compliance resources and guidance and supervisory and examination information to help financial institutions, service providers, and other entities understand and implement the Bureau's rules and regulations.| Consumer Financial Protection Bureau
The CFPB is working to stop unfair medical debt collection and coercive credit reporting practices that add to the strain on American families.| Consumer Financial Protection Bureau
Medical collections on consumer credit reports have been an area of focus for CFPB research in recent years. In addition to studying trends in medical debt as a whole, CFPB reports have documented the burden of medical debt on older Americans, and the incidence of medical collections in rural counties in Appalachia and the Deep South region.| Consumer Financial Protection Bureau
Today, the Consumer Financial Protection Bureau (CFPB) released an Issue Spotlight highlighting some of the difficulties and experiences heard from caregivers about being pursued over friends’ or family members’ alleged debts from nursing home facilities.| Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau took action against Commonwealth Financial Systems for illegally trying to collect unverified medical debts.| Consumer Financial Protection Bureau
The Bureau will keep its enforcement and supervision resources focused on pressing threats to consumers, particularly servicemen and veterans.| Consumer Financial Protection Bureau
Whether you’re thinking of buying a home, already have a home loan, or are having trouble paying your mortgage, we have resources to help you every step of the way.| Consumer Financial Protection Bureau
A money market account is a type of account offered by banks and credit unions. Like other deposit accounts, money market accounts are insured by the FDIC or NCUA, up to $250,000 held by the same owner or owners.| Consumer Financial Protection Bureau
On January 16, 2025, the Bureau issued an order against Block, Inc. (Block), a nonbank headquartered in Oakland, California which operates Cash App, a mobile payments application through which consumers can send and receive money through peer-to-peer transfers.| Consumer Financial Protection Bureau
Find research published by the Bureau and information the Bureau has collected about the consumer financial marketplace.| Consumer Financial Protection Bureau
Credit reporting changes through the Department of Education’s Fresh Start program coincided with increased credit scores for nearly 2 million student loan borrowers.| Consumer Financial Protection Bureau
La Ley de Prácticas Justas en el Cobro de Deudas (FDCPA, por sus siglas en inglés) es una ley federal que limita lo que los cobradores de deudas pueden hacer cuando intentan cobrar ciertos tipos de deudas.| Consumer Financial Protection Bureau
The online lender allegedly required customers to pay hefty fees to access loans and often refused to cancel memberships.| Consumer Financial Protection Bureau
Advisory Committees| Consumer Financial Protection Bureau
Whether you have questions about the CFPB or about a consumer financial product or service, or you want to submit a complaint, start here. We’ll point you in the right direction.| Consumer Financial Protection Bureau
Working at the CFPB| Consumer Financial Protection Bureau
Current Openings| Consumer Financial Protection Bureau
Strategy, budget and performance| Consumer Financial Protection Bureau
Repaying student loans? See tips for reducing debt, explore repayment plans, and learn about loan forgiveness programs. Explore your options to pay off education loans.| Consumer Financial Protection Bureau
Bureau of Consumer Financial Protection's published regulations. The Code of Federal Regulations (CFR) contains the official text of agency regulations.| Consumer Financial Protection Bureau
We offer clear, impartial answers to hundreds of financial questions. Find the information you need to make more informed choices about your money.| Consumer Financial Protection Bureau
Find information that can help you choose the right prepaid card or account for you, and better understand your rights.| Consumer Financial Protection Bureau
Find out your financial well-being by answering ten questions, and then see steps you can take to improve it.| Consumer Financial Protection Bureau
Saving during tax time can help you be prepared for financial emergencies and begin to plan for the future.| Consumer Financial Protection Bureau
One of the easiest and most effective ways to save money is to make it automatic. Learn how to automate your savings.| Consumer Financial Protection Bureau
A new analysis finds that credit card interest rates continue to rise even though risks to the industry continue to drop and profitability increases.| Consumer Financial Protection Bureau
Adopts late fee safe harbor threshold of $8 for Larger Card Issuers and provides annual adjustments to reflect changes in the CPI do not apply to this $8 amount.| Consumer Financial Protection Bureau
Amortization means paying off a loan with regular payments, so that the amount you owe goes down with each payment. Negative amortization means that even when you pay, the amount you owe will still go up because you are not paying enough to cover the interest.| Consumer Financial Protection Bureau
The CFPB is issuing this final rule to allow consumers to better comparison shop across credit products and provide substantive protections that apply to other consumer credit.| Consumer Financial Protection Bureau
The CFPB ordered Block, the operator of the peer-to-peer payments app Cash App, to refund consumers $120 million and pay a penalty of $55 million.| Consumer Financial Protection Bureau
CFPB recently analyzed the NSF fee practices of a number of banks and credit unions, finding that most large earners of NSF fee revenue have eliminated these fees, saving consumers nearly $2 billion annually.| Consumer Financial Protection Bureau
Our free tools and resources provide you with impartial, accurate information you can trust on various money topics as well as guides for important financial milestones.| Consumer Financial Protection Bureau
You have the right to dispute errors on your credit report. Fixing an error generally means contacting both the credit reporting company and the company that provided the information.| Consumer Financial Protection Bureau
Understand how debt collection works, what your rights are, common issues with debt collection, and how to work with debt collectors.| Consumer Financial Protection Bureau
Understand how credit reports and credit scores work, what your rights are, common issues with credit reports, and how to work with credit reporting companies.| Consumer Financial Protection Bureau
Making and sticking to a budget is a key step towards getting a handle on your debt and planning for the future.| Consumer Financial Protection Bureau
The CFPB took action to close an outdated overdraft loophole that exempted overdraft loans from lending laws.| Consumer Financial Protection Bureau
A balloon payment on a mortgage is a large, one-time payment at the end of the loan term. If you have a mortgage with a balloon payment, your payments may be lower in the years before the balloon payment is due, but you could owe a big amount at the end of your loan.| Consumer Financial Protection Bureau
Choosing the right home loan is just as important as choosing the right home. Use our tools and resources to know what to expect every step of the way.| Consumer Financial Protection Bureau
Today, the Consumer Financial Protection Bureau (CFPB) proposed a rule that would stop financial companies from forcing Americans to choose between participating in the financial system or giving up their rights, including those guaranteed by the Constitution.| Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau (CFPB) sued the operator of Zelle and three of the nation’s largest banks for failing to protect consumers from widespread fraud on America’s most widely available peer-to-peer payment network.| Consumer Financial Protection Bureau
The Consumer Complaint Database is a collection of complaints about consumer financial products and services that we sent to companies for response.| Consumer Financial Protection Bureau
What is a debt collector? Why is a debt collector contacting me? Click to learn more.| Consumer Financial Protection Bureau
Here are three steps to negotiating with a debt collector, starting with understanding what you owe.| Consumer Financial Protection Bureau
If your identity is stolen, you can contact the credit reporting companies – Equifax, Experian, and TransUnion – to place a fraud alert or security freeze on your report.| Consumer Financial Protection Bureau
Civil Penalty Fund| Consumer Financial Protection Bureau
Whether you’re a whistleblower or just have concerns you want to flag for us, we strongly encourage current or former employees to reach out to us about possible violations of consumer rights. We process every report that is submitted.| Consumer Financial Protection Bureau
From 2018 to 2020, the CFPB estimates that Americans paid roughly $120 billion per year in credit card interest and fees. That works out to about $1,000 per year for every American household.| Consumer Financial Protection Bureau
A credit report is a statement that has information about your credit activity and current credit situation such as loan paying history and the status of your credit accounts.| Consumer Financial Protection Bureau
This is part of a series of reports of consumer credit trends produced by the Consumer Financial Protection Bureau using a longitudinal sample of approximately five million de-identified credit records from one of the three nationwide consumer reporting agencies.| Consumer Financial Protection Bureau
Learn how Buy Now, Pay Later (BNPL) products work, and important details to help you decide whether or not to use them for purchases.| Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau (CFPB) has launched an inquiry into practices and financial products that may leave employees indebted to their employers. In today’s Request for Information, the CFPB seeks data about, and worker experiences with, these emerging practices and financial products referred to as employer-driven debt.| Consumer Financial Protection Bureau
The CFPB sued SoLo Funds, which runs a peer-to-peer lending platform, for lying to borrowers and deceiving them about the total cost of loans.| Consumer Financial Protection Bureau
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.| Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau (CFPB) has published a new report analyzing the financial profiles of Buy Now, Pay Later borrowers.| Consumer Financial Protection Bureau
Today, the CFPB proposed a rule that would remove medical bills from most credit reports, increase privacy protections, help to increase credit scores and loan approvals, and prevent debt collectors from using the credit reporting system to coerce people to pay.| Consumer Financial Protection Bureau
Director Chopra discussed the CFPB’s proposed rule to activate a dormant authority under a 2010 law to accelerate much-needed competition and decentralization in banking and consumer finance by making it easier to switch to a new provider.| Consumer Financial Protection Bureau
The CFPB, HHS, and U.S. Department of Treasury launched an inquiry into high-cost specialty financial products, such as medical credit cards and installment loans, that are pushed on patients as a way to pay for routine medical care and which drive up health care costs and medical debt.| Consumer Financial Protection Bureau
Today, the Consumer Financial Protection Bureau (CFPB) published an analysis of how actions announced by the three largest national consumer reporting companies – Experian, Equifax, and TransUnion -- will affect people who have allegedly unpaid medical debt on their credit reports.| Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau (CFPB) today released a bulletin reminding debt collectors and credit bureaus of their legal obligations in light of the No Surprises Act, which protects consumers from certain unexpected medical bills.| Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau (CFPB) today released a report highlighting the complicated and burdensome nature of the medical billing system in the United States.| Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau (CFPB) today announced it is beginning a rulemaking process to remove medical bills from Americans’ credit reports.| Consumer Financial Protection Bureau
The CFPB proposed an interpretive rule explaining that many paycheck advance products are consumer loans subject to the Truth in Lending Act.| Consumer Financial Protection Bureau
A Home Equity Conversion Mortgage (HECM), the most common type of reverse mortgage, is a special type of home loan only for homeowners who are 62 and older.| Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau (CFPB) issued a report highlighting medical debt collections and challenges faced by American families.| Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau (CFPB) today issued an interpretive rule that confirms that Buy Now, Pay Later lenders are credit card providers.| Consumer Financial Protection Bureau
The CFPB today released research showing that 15 million Americans still have medical bills on their credit reports despite changes by Equifax, Experian, and TransUnion.| Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau (CFPB) proposed a rule that would accelerate a shift toward open banking, where consumers would have control over data about their financial lives and would gain new protections against companies misusing their data.| Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau (CFPB) is a 21st century agency that helps consumer finance markets work by making rules more effective, by consistently and fairly enforcing those rules, and by empowering consumers to take more control over their economic lives.| Consumer Financial Protection Bureau
Everything you need to know about what an emergency fund is and how to create an emergency fund. An emergency fund is an important step in protecting yourself financially from the unexpected – like a car repair, medical bill. or replacing an appliance – and staying on track to reaching your savings goals.| Consumer Financial Protection Bureau
The annual percentage rate (APR) margins, the amount of interest credit card issuers charge cardholders on top of benchmark rates, have reached an all-time high.| Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau (CFPB) ) finalized a rule today to cut excessive credit card late fees by closing a loophole exploited by large card issuers.| Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau (CFPB) today reported on the first set of results from the newly updated Terms of Credit Card Plans survey.| Consumer Financial Protection Bureau
Latest credit card data from the CFPB shows that the 25 largest financial institutions offered consumers higher interest rates than smaller banks and credit unions in first half of 2023.| Consumer Financial Protection Bureau
Regulation E protects consumers when they use electronic fund transfers.| Consumer Financial Protection Bureau
Your debt-to-income ratio (DTI) is all your monthly debt payments divided by your gross monthly income. This number is one way lenders measure your ability to manage the monthly payments to repay the money you plan to borrow.| Consumer Financial Protection Bureau
Find resources to manage your credit cards, whether you’re shopping for a new card or getting a handle on an existing one.| Consumer Financial Protection Bureau
Find information and tools to submit a consumer complaint to the Consumer Financial Protection Bureau.| Consumer Financial Protection Bureau
Private mortgage insurance (PMI) is a type of mortgage insurance you might be required to buy if you take out a conventional loan with a down payment of less than 20 percent of the purchase price.| Consumer Financial Protection Bureau
Housing counselors near you| Consumer Financial Protection Bureau
Credit counseling organizations can advise you on your money and debts, help you with a budget, work with creditors to help you resolve your debt via debt management plans, and offer money management workshops.| Consumer Financial Protection Bureau
Use this tool to review your Loan Estimate to make sure it reflects what you discussed with the lender.| Consumer Financial Protection Bureau
