Here’s why childhood is an important time to learn about money
If you have kids, it might surprise you to know that children as young as five years old can be ready to learn about saving and spending. From early...
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He aquí por qué la niñez es un buen momento para aprender sobre el dinero
El verano pasado aprendimos que los adolescentes estadounidenses están en el medio del grupo cuando se trata de educación financiera, en comparación con...
The launch of the CFPB financial coaching initiative
Today, we're excited to launch our financial coaching initiative. We're cohosting the launch with the U.S. Department of Labor (DOL) and the event will take...
Fact-check your specialty consumer report
Some of these companies, called specialty consumer reporting agencies, compile and sell reports with all kinds of personal data including, but not limited to, the history of your employment, rental, banking, lending, insurance, and criminal background. This includes other public record data such as tax liens, civil suits and bankruptcy data. We’ve got a list of consumer reporting agencies, so you can fact-check them to ensure your personal report data is accurate and complete.
Live from Milwaukee!
Today, we held a field hearing on student debt in Milwaukee. The hearing featured remarks from Director Richard Cordray, as well as testimony from consumer...
Tell us about your student debt stress
If you are paying back student loans, you are not alone. Over 40 million Americans are repaying more than $1.2 trillion in outstanding student loan debt...
Sprint and Verizon will refund $120 million to consumers harmed by illegal billing practices
We're announcing settlements with Sprint and Verizon to return $120 million directly to consumers for illegal billing of unauthorized third-party charges...
Income from the Section 8 Housing Choice Voucher Homeownership Program shouldn’t mean you don’t qualify for a mortgage
Everyone should be able to qualify for mortgages they can afford based on their stable income. Our reminder to mortgage lenders should help people who...
Reminder: What happens to your student loans if your school is shut down
In light of recent closures of certain for-profit colleges, we wanted to share some helpful advice to help you navigate the situation.
Save the date, Milwaukee!
Join us for a field hearing in Milwaukee on student debt. The hearing will take place on Thursday, May 14 at 10 a.m. CDT.
We’re making progress toward ensuring fair access to credit
We're releasing our third annual Fair Lending Report, which details the important strides we have taken over the last year to protect consumers from credit...
You’ve got options when it comes to overdraft
We’re announcing an enforcement action against Alabama-based Regions Bank for charging overdraft fees to consumers who had not opted-in for overdraft coverage. We’re requiring Regions Bank to fully refund all affected consumers – hundreds of thousands of consumers have already been refunded $49 million in fees. Learn more about your choices when it comes to overdraft protection programs, as these programs can be costly.
Here’s what we’re hearing from Servicemembers and their families
Today, we're releasing our third Snapshot of Complaints Received from Servicemembers, Veterans and their Families. The report details the data and trends...
More financial empowerment tools for communities
This expansion builds on the success of last year's launch of Your Money, Your Goals. Since then, we've trained over 2,000 frontline staff in both public...
Millions of consumers will now have access to credit scores and reports through nonprofit counselors
All three major credit reporting agencies (Experian, Equifax and TransUnion) will now allow nonprofit counselors to share credits reports, as well as the...
Register for our research conference on consumer finance
Join us for the CFPB Research Conference on May 7-8, 2015. The conference will be focused on high-quality consumer finance research, with academic and...
Save the date: Join us for an Academic Research Council meeting in Washington, D.C.
During this meeting, we'll discuss trends in consumer finance research, the activities of consumer financial protection agencies in other countries, and...
The VA doesn’t send you mortgage ads
We're announcing an enforcement action against a lender that wrongfully used the logos of the Department of Veterans Affairs (VA) and the Federal Housing...
We’re suing a robo-call debt collector
Today we're announcing that we filed a lawsuit against a robo-call debt collection operation, including its ringleaders, their companies, and service...
Save the date: Join us for a Community Bank Advisory Council meeting in Washington, D.C.
Join us for a Community Bank Advisory Council meeting with Director Cordray where we will discuss credit scores and credit reporting and implications for...
Explainer: How small businesses play a role in the rulemaking process
We often hear many questions about how the rulemaking process works. We decided to write a series of posts that explain some key parts of the rulemaking...
Live from Richmond!
Today, we held a field hearing on payday lending in Richmond, Va. The hearing featured remarks from Director Richard Cordray, as well as testimony from...
Your complaint is more than data—it’s your story
While you can see hundreds of thousands of complaints in the Consumer Complaint Database, these complaints are much more than just data to us. They reflect...
Here’s why you should open a savings account for your kids
Parents often want to open accounts for their children, to help them learn about saving for the future and managing their money. And young people often go...
Save the date, Richmond!
Join us for a field hearing in Richmond, Va. on payday lending. The hearing will take place on Thursday, March 26 at 12 p.m. EDT.