CFPB: Notice of Proposed Rulemaking Issued for HMDA Rules
The Consumer Financial Protection Bureau (Bureau) today issued a Notice of Proposed Rulemaking (NPRM), which proposes to raise the coverage thresholds for collecting and reporting data about closed-end mortgage loans and open-end lines of credit under the Home Mortgage Disclosure Act (HMDA) rules. The NPRM would provide relief to smaller lenders from HMDA’s data reporting…
CFPB: Symposia Series Announced to Explore Consumer Protections
Consumer Financial Protection Bureau Director Kathleen L. Kraninger announced a symposia series exploring consumer protections in today’s dynamic financial services marketplace. The series is aimed at stimulating a proactive and transparent dialogue to assist the Bureau in its policy development process, including possible future rulemakings. During each symposium, the Bureau will host a discussion panel…
CFPB: A No-Cost Way to Prepare Your Credit for a Big Purchase
Thinking about buying a house, car, or other big ticket item, and know you’ll be using credit? Before making a big purchase, your first step should be to take a look at all of your finances. Check out these five steps to prepare your finances that won’t cost you a penny. 1. Take advantage of…
CFPB: Get Money Smart about Money Smart Week
During Financial Literacy Month in April, the CFPB joins the Chicago Federal Reserve Bank in celebrating Money Smart Week (March 30-April 6). This event is a great opportunity to teach consumers how to be smarter with their money. Various Money Smart Week activities—like free financial education classes and seminars—are offered by local and regional organizations…
CFPB: Get Your Credit on Track with New CFPB Booklet
Today the Bureau is releasing “Want credit to work for you?” the newest addition to the Your Money, Your Goals suite of financial empowerment tools. The third in a series released by the Bureau, this booklet provides eight tools to help consumers through the various stages of building credit, maintaining good credit, and fixing credit if it…
CPFB: Enhancements to Advisory Committees Announced and Member Applications Now Open
Today the Consumer Financial Protection Bureau (Bureau) announced enhancements to its advisory committee charters. The enhancements are a result of CFPB Director Kathleen L. Kraninger’s engagement with current and former advisory committee members during her three-month listening tour. “I’ve seen firsthand how the Bureau benefits from the valuable input provided by committee members. I have…
CFPB: Report Released on 2018 Administration of the Fair Debt Collection Practices Act
The Consumer Financial Protection Bureau (Bureau) released the annual report to Congress on the administration of the Fair Debt Collection Practices Act (FDCPA). The report highlights the continued efforts by the Bureau and the Federal Trade Commission (FTC) to stop unlawful debt collection practices, including vigorous law enforcement, education and public outreach, and policy initiatives….
CFPB: Credit Mistakes that Could Be Costing You Money
Managing your credit can sometimes seem like a lot of work, but it’s essential. Your credit history plays a big role in your financial life. Not only does it weigh heavily in determining the loan terms and interest rates you’re offered, but it can also impact other parts of your life, like whether you get…
CFPB: Forty Organizations Join the 2019 “Your Money, Your Goals” Cohort
As part of its mission to empower consumers to make more informed financial decisions, the Bureau works through established community organizations and service providers to integrate financial empowerment tools and services. Today we welcome 40 new organizations to the 2019 Your Money, Your Goals cohort. Since 2013, the Bureau has worked through this initiative to train more…
CFPB: This Tax Season, Protect Yourself from IRS Imposter Scams
An IRS imposter scam is when someone contacts you pretending to be from the Internal Revenue Service (IRS). They falsely say that you owe taxes and must pay them immediately or face serious penalties. Maybe you receive a call from someone claiming to be an auditor and orders you to pay money immediately for a…