Servicemembers have submitted over 400,000 complaints to the CFPB to get help with financial problems including problems with the Servicemember Civil Relief Act. The CFPB helps them get the answers and also enforces the law when necessary, returning $183 million in relief to the military community since 2011.
From flights to rental cars to amusement park tickets, it can feel like there's too much fine print and too many junk fees not included in the upfront price. Some argue that a wide array of pricing options gives consumers more choice, but recent research from the CFPB suggests that complex pricing leads consumers to fare worse and pay higher prices.
Desde vuelos, pasando por renta de autos, hasta tickets para parques temáticos, todos incluyen muchas cláusulas y tarifas escondidas que no se reflejan en el precio mostrado. Una reciente investigación nuestra sugiere que precios más complejos lleva a que los consumidores paguen peores tarifas y precios más altos.
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.
The CFPB works to protect servicemembers in the financial market, engage military stakeholders, and monitor the market to identify risks to servicemembers, veterans, and military families.
Mga pangunahing bagay tungkol sa mga aksyon ng pagpapatupad ng CFPB laban Bank of America, mga kostumer na apektado, at mga gawaing lumabag sa pederal na batas.
Companies that provide adjustable-rate mortgages, student loans, home equity lines of credit, reverse mortgages, and credit cards are ending their use of a popular interest rate index, which expires June 30, 2023.
Credit cards are one of the most common financial products in our country, providing the bulk of short-term credit for families. Interest rates on credit cards have risen substantially, with average interest rates going over 20%. Given the trends for the 175 million Americans with credit cards, the CFPB estimates that outstanding credit card debt may continue to set records and could even hit $1 trillion.
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.
Los emisores de tarjetas de crédito no están reportando sus datos de pagos a las empresas de informes de crédito. Preguntamos por qué, y esto descubrimos.
Modernizing how CFPB collects and shares certain credit card data to make it easier for people to shop for the best option, and to increase competition.
Housing costs rose rapidly last year but some people experience this inflation more than others. New research shows that low-income renters’ credit card debt increased sharply last year.
Credit cards play a critical role for consumers. Lenders can cut card lines, and have done so especially during economic downturns. New CFPB research shows the impact line cuts have on consumers.