The industry is critical in our economy. It promotes access to credit that consumers can afford to repay. Without credit reporting, many consumers likely...
The Student Lending Examination Procedures are an extension of the CFPB's General Supervision and Examination Manual and will be used as a field guide by...
As part of its Project Catalyst initiative, and in line with its statutory authority, the Bureau's goal is to encourage banks, credit unions, and other...
The Dodd-Frank Wall Street Reform and Consumer Protection Act, which created the CFPB, authorized the CFPB to facilitate innovation and to approve trial...
Among the key takeaways in the report, which is one of the most comprehensive studies of credit reporting to date, are that credit card history dominates...
The report highlights the basic systems the credit reporting companies use to collect, organize, and maintain consumer credit information. It is based on...
In total, these operations took in more than $10 million by charging consumers for services that falsely promised to prevent foreclosures or renegotiate...
"Today's agreement is a critical step to better protecting consumers from illegal and discriminatory lending practices. We look forward to continuing our...
"Today, the CFPB is reminding these companies that they must follow the law and provide consumers with easy access to their free annual report. If we have...
Based on the adjustments announced today, the protections of the Truth in Lending Act and the Consumer Leasing Act generally will apply to consumer credit...
Today's actions stem from a joint "sweep," a review conducted by the CFPB and the FTC of about 800 randomly selected mortgage-related ads across the...
The Dodd-Frank Act required that the CFPB integrate certain disclosures from the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act...
Our Office's statutory mandate is to help provide consumers aged 62 and over with the tools they need to protect themselves from financial abuse and to make...
The Bureau views this project as an important means of fulfilling its mandate under the Dodd-Frank Wall Street Reform and Consumer Protection Act to give...
We believe that good, consumer-friendly innovation holds great potential for achieving our mission of making the consumer finance market work again for...
The database will primarily be used to support the agencies' policymaking and research efforts and to help regulators better understand emerging mortgage...
"This report underscores our work to address practices that are risky to consumers, as well as our continued commitment to making sure that institutions are...
The marketplace can be a hostile place for those who are struggling to stay afloat, who may often pay higher prices for consumer goods, including financial...
Our proposal would add accessible income as a way to allow spouses and partners not working outside the home to qualify for credit and build their own...
Financial institutions expect borrowers to hold up their end of the bargain when it comes to mortgages and student loans. Shouldn’t we expect the same of them?
As we continue to emerge from the devastating fiscal crisis of 2007-2008, we now find that debt collection is a central issue of our times. Currently, about...
Today, the Consumer Bureau is issuing a new regulation to expand our supervision program to oversee these credit reporting companies. The authority to...
Consumer reporting agencies, which include what are popularly called credit bureaus or credit reporting companies, are private businesses that track a...