Helping student loan borrowers stay afloat
This morning, CFPB Director Richard Cordray, Education Secretary Arne Duncan, and Acting Deputy Treasury Secretary Mary Miller convened a meeting with the...
Blog
Here’s what the new mortgage rules mean for you
It's simple. Our new mortgage rules mean you will have more information and more protection when you're shopping for a loan and while you own your home. No...
It’s back to basics for the mortgage market in 2014
Starting January 10, lenders will be required to make a reasonable, good-faith determination that a borrower can afford to repay a mortgage. That's a...
It’s closing time: Tell us about your experience closing on a mortgage
The stories and information you provide will be used to research and test solutions that address some of the biggest pain points associated with closing on...
Save the date, Phoenix!
This event will be a training for housing counselors, legal aid attorneys, and other advocates on the new mortgage servicing rule.
Ally to repay $80 million to consumers it discriminated against
When you shop for a car, auto lenders work with your auto dealer to offer you financing for your loan. Auto lenders consider the terms of your loan, your...
What we’ve been doing for youth financial capability
Young people shouldn't have to repeat financial mistakes made by earlier generations. That's why we support financial education in K-12 classrooms. This...
Explainer: What the multi-billion dollar Ocwen enforcement action means for you
We're taking action against Ocwen Financial Corporation for years of systemic misconduct that includes unfair shortcuts, unauthorized fees, deception...
Join us in making mortgage shopping easier
If you read our blog regularly, you've gotten the picture by now: We care a lot about making your experience with mortgages better. We just released rules...
Sunshine for student financial products
Today, Director Cordray is alerting financial institutions about the potentially risky practice of making secret payments to colleges and universities to...
What’s on your international money transfers paperwork?
If you send money to other countries, you can now get more information about exchange rates and costs before you pay for the transfers. That's because of a...
Live from Dallas!
Today, we held a field hearing in Dallas on arbitration. The live event has ended. The event featured remarks from Director Richard Cordray, as well as...
Fall 2013 rulemaking agenda
Today, we are posting a semi-annual update to our rulemaking agenda. This is in conjunction with a broader initiative led by OMB to publish a Unified Agenda...
How much money is spent on advertising financial products?
If you think about it, you probably see a lot of advertising for products and services for managing your money. Television ads, highway billboards, Internet...
The second annual report from the CFPB Ombudsman’s Office
Today, I want to share with you the CFPB Ombudsman's second annual report, which I delivered to the CFPB Director. The report describes how the Ombudsman's...
Save the date, Dallas, Texas!
Join us for a field hearing in Dallas, Texas on arbitration. The hearing will take place on Thursday, December 12 at 11 a.m. CST. The event will feature...
Tell us how you tackle your student debt
A number of recent graduates have asked us: why is my student loan interest rate so high? And how can I more quickly pay off this loan? Often borrowers have...
Know Before You Owe: Just one example of our approach to policy-making
As the mortgage disclosure team said last week, we based Know Before You Owe on the idea that disclosure information is clearer when the people who will...
Know Before You Owe: preparing to finalize the new mortgage disclosure forms
Two and a half years ago, we began a line of work we call Know Before You Owe. The work that we did as part of that project helped lead us to the TILA-RESPA...
We looked at the impact of regulations at financial institutions
Today, we're releasing findings from a study we conducted on the operational effects of certain regulations for banks, in order to better understand the...
A final rule that makes mortgage disclosure better for consumers
Today, we're issuing the TILA-RESPA final rule. This rule improves the way consumers receive information about mortgage loans, both when they apply and when...
Live from Boston!
Today, we held a field hearing in Boston on Know Before You Owe: Mortgages. The live event has ended. A recording will be available here soon.
Explainer: How the final TILA-RESPA rule differs from the proposal
When we first proposed the TILA-RESPA disclosure rule, we got a lot of questions about the length of the document containing the rule. We synthesized those...
Our first enforcement action against a payday lender
We announced an enforcement action against one of the largest short-term, small-dollar lenders in the country. The company has agreed to reimburse up to $14...
Live from the CFPB!
Today, we held a forum on auto finance here at the CFPB. The forum featured remarks from CFPB Director Richard Cordray as well as panel discussions with...