Blog | Consumer Financial Protection Bureau

Info for consumers

Published SEP 24, 2015

Hudson City Savings Bank to pay $27 million to increase access to credit in Black and Hispanic neighborhoods it discriminated against

The complaint alleges that Hudson City redlined by locating its branches and selecting mortgage brokers nearly all outside of majority-Black-and-Hispanic...

Info for consumers

Published SEP 23, 2015

Know Before You Owe: Closing Disclosure

The Closing Disclosure is a five-page form that helps you understand the key features, costs, and risks of your mortgage loan. These changes make it easier...

By David Friend

Mortgages

Info for consumers

Published SEP 23, 2015

Know Before You Owe: Loan Estimate

The new form is part of our Know Before You Owe mortgage disclosure rule that's making the mortgage process work better for you. The Loan Estimate uses...

By David Friend

Mortgages

Data, research, and reports

Published SEP 22, 2015

HMDA data shows more people took out a mortgage to purchase a home in 2014 than 2013

As part of our work to educate consumers to make informed financial decisions, we at the CFPB—along with the other members of the FFIEC—are committed to...

By Jessica Russell

At the CFPB

Published SEP 22, 2015

Save the date, Denver!

RSVP to join us for a field hearing in Denver, Colo., about arbitration.

By Zixta Q Martinez

Arbitration

At the CFPB

Published SEP 21, 2015

Save the date: Join us for a Credit Union Advisory Council meeting in Washington, D.C.

RSVP to join us for a Credit Union Advisory Council meeting in Washington, D.C., where we will discuss consumer challenges in payments.

By Delicia Hand

Credit Union Advisory Council

Info for consumers

Published SEP 21, 2015

Buying a House: The homebuyer’s trusted resource

At the CFPB, we are working to make the process of getting a mortgage simpler and easier to understand. Part of that work is a new rule that improves...

By Maggie Anderson and Megan Thibos

Mortgages

Info for consumers

Published SEP 17, 2015

Know Before You Owe: Making the mortgage process easier for you

You have the right to compare offers and understand the terms before you sign on the dotted line. After four years of work, these new forms and tools will...

By Patricia McClung

Mortgages

At the CFPB

Published SEP 14, 2015

Save the date: Join us for a Community Bank Advisory Council meeting in Washington, D.C.

RSVP to join us for a Community Bank Advisory Council meeting in Washington, D.C., where we will discuss consumer challenges in payments.

By Delicia Hand

Community Bank Advisory Council

Info for consumers

Published SEP 03, 2015

El calzado adecuado y el sentido común pueden ayudar a su hijo(a) pre-adolescente a ganar terreno financiero

Cuando los niños son pequeños, pueden aprender autocontrol y cómo planificar de anticipado, las cuales son habilidades necesarias para una base financiera...

By Laura Schlachtmeyer

Info for consumers

Published SEP 03, 2015

The right shoes and common sense can help your preteen gain financial ground

We recently heard stories from parents that reinforce what our research shows: The preteen years are critical for developing an internal compass for what's...

By Laura Schlachtmeyer

Info for consumers

Published SEP 02, 2015

When your child learns self-control, it helps their financial future, too

As a parent, you are the most powerful influence on your children's financial lives. In the first five years of life, children go through rapid neurological...

By Laura Schlachtmeyer

Info for consumers

Published SEP 02, 2015

Cuando su hijo aprende el autocontrol, también ayuda a su futuro financiero

La niñez es un buen momento para aprender sobre el dinero. Sin embargo, el dinero es un concepto abstracto. Incluso antes de que los cerebros de los niños...

By Laura Schlachtmeyer

Info for consumers

Published SEP 01, 2015

Servicemembers: Protecting your credit when you’re away from home

Being away and mission-focused means you won't be able to regularly check your accounts or credit report, so you may be at increased risk for fraud or...

By Holly Petraeus

Info for consumers

Published AUG 26, 2015

New students should look closely at college-sponsored bank accounts and shop around

On campus, a bank account may be marketed to you that is co-branded with your college's logo and may be attached to your campus ID through a debit card. But...

By Seth Frotman and Rich Williams

Data, research, and reports

Published AUG 25, 2015

This month’s Complaint Report: Credit reporting issues

In the past month, credit reporting complaints showed the greatest monthly percentage increase compared to other products the CFPB accepts complaints about...

By Chris Johnson

Info for consumers

Published AUG 17, 2015

When you make student loan payments on an income-driven plan, you might be in for a payment shock

For borrowers who are experiencing financial distress and looking for a way to pay back their federal student loans, income-driven repayment plans can be...

By Seth Frotman

Info for consumers

Published AUG 17, 2015

Live from Springfield, Va.: Managing Someone Else’s Money

Today, we held a event about financial management for seniors and their caregivers at the Greenspring senior living community. The event featured remarks...

Older Americans

Data, research, and reports Info for consumers

Published AUG 05, 2015

Three things to do before closing: What we learned from studying eClosing

Today we're releasing the results of a pilot program where we explored tools and process changes that can help consumers better navigate closing by...

By Patricia McClung

At the CFPB

Published AUG 05, 2015

Live from CFPB: Forum on Know Before You Owe eClosing pilot

Today, we held a forum on our Know Before You Owe eClosing pilot findings here at the CFPB. The forum featured remarks from Director Richard Cordray, as...

Mortgages

Info for consumers

Published JUL 31, 2015

Adjusting to a new country’s financial system takes time

Looking back, I wish I had had more unbiased sources of information so I could have made smarter choices.

By Wei Zhang

Money transfers

At the CFPB Info for consumers

Published JUL 30, 2015

Save the date, Springfield!

Join us for an event in Springfield, Va., about financial management for seniors and their caregivers. You can watch a livestream of the event on our blog.

By Naomi Karp

Older Americans

At the CFPB

Published JUL 29, 2015

We participated in the National Day of Civic Hacking 2015

We participated in multiple National Day of Civic Hacking events this year, with CFPB staff attending events in Washington D.C., Philadelphia, Oakland...

By Julian Alcazar and William Shelton

CFPB milestones

At the CFPB

Published JUL 29, 2015

Americans with disabilities have the right to improve their financial lives

Americans with disabilities disproportionately live in poverty; are more than twice as likely to use nonbank financial services such as payday loans and...

By Olivia Calderon

Info for consumers

Published JUL 27, 2015

Newly arrived and in need of help navigating our financial system

To help, we developed the Newcomer's Guides to Managing Money, an unbiased resource for recent immigrants. Take a look and see ways to pay bills, receive...

By Dubis Correal