CFPB: The 2018 Financial Literacy Annual Report Sums Up a Year of Achievements in Financial Education

Financial education is a critical part of the Bureau’s mission to empower people to take more control over their economic lives. The 2018 Financial Literacy Annual Report details how the Bureau works toward this goal by: Providing financial education directly to the public, and by expanding local delivery of financial information […]

CFPB: Advisory Committees Meet to Discuss Emerging Trends in Financial Services Technology

The Bureau of Consumer Financial Protection (Bureau) meets Thursday with its Consumer Advisory Board, Community Bank Advisory Council, and Credit Union Advisory Council, committees of experts who advise Bureau leadership on a wide range of consumer financial issues and emerging market trends. This joint meeting is the second such gathering […]

CFPB: 2017 Fair Lending Report Promotes Fair, Equitable and Nondiscriminatory Access to Credit

Access to credit is a key to economic mobility and prosperity for consumers and small businesses alike. Our annual Fair Lending Report to Congress highlights how in 2017 we continued to focus on promoting fair, equitable, and nondiscriminatory access to credit in mortgage lending, continued fair lending supervision of servicing […]

CFPB: Natural Disaster Assistance Is Reported on a Minority of Credit Records Among Potentially Affected Consumers

Today the Bureau of Consumer Financial Protection (Bureau) released the latest quarterly consumer credit trends report, this time focusing on the reporting of natural disasters in credit reports. This report explores how financial institutions furnish natural disaster assistance to credit reporting agencies, and summarizes trends in natural disaster reporting for consumers […]

Joint Release: Agencies Announce Threshold for Smaller Loan Exemption from Appraisal Requirements for Higher-Priced Mortgage Loans

The Bureau of Consumer Financial Protection, Federal Reserve Board of Governors, and Office of the Comptroller of the Currency today announced that the threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans during 2019 will increase from $26,000 to $26,700. The threshold amount will be effective Jan. […]

BCFP & FHFA: National Survey of Mortgage Originations Dataset Released for Public Use

The Bureau of Consumer Financial Protection (BCFP) and the Federal Housing Finance Agency (FHFA) today released for public use a new loan-level dataset collected through the National Survey of Mortgage Originations (NSMO) that provides insights into borrowers’ experiences in getting a residential mortgage. The NSMO is a component of the […]

CFPB: New Financial Education Resources to Help Teachers Bring Youth Financial Capability into the Classroom

As children grow, their potential to manage money and understand financial concepts grows as well. The knowledge, skills, and behaviors kids learn when they’re young lay the groundwork for their financial well-being as adults. Schools and teachers play a critical role in financial education. But, we know there are challenges […]

CFPB: Fall 2018 Rulemaking Agenda

The Bureau’s general purpose, as specified in section 1021 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), is to implement and enforce Federal consumer financial law consistently for the purpose of ensuring that all consumers have access to markets for consumer financial products and services and […]