CFPB: 4 Tips to Spring Clean Your Finances
By Liane Weissenberger Spring is here, and it’s the perfect time to get your home and your finances in order. Here are a few ways to get started spring cleaning your finances: 1. Request a free credit report You can request a free credit report every 12 months from each of the three major consumer…
CFPB: Applications Open for CFPB Advisory Board and Councils
To be sure that we hear from a variety of experts with diverse viewpoints, we set up the Consumer Advisory Board, the Community Bank Advisory Council, and the Credit Union Advisory Council. These advisory groups provide us with information about emerging trends and practices in the consumer financial marketplace. They also allow us to hear…
CFPB: Final Rule Issued to Help Mortgage Servicers Communicate with Certain Borrowers Facing Bankruptcy
The Consumer Financial Protection Bureau (Bureau) today issued a final rule to help mortgage servicers communicate with certain borrowers facing bankruptcy. The final rule gives mortgage servicers more latitude in providing periodic statements to consumers entering or exiting bankruptcy, as required by the Bureau’s 2016 mortgage servicing rule. The Truth in Lending Act requires mortgage…
CFPB: Thinking About Buying a House in 2018? Here’s What You Need to Know
Are you thinking about buying a house this year? We’ve got tools and resources that will help you get your financial house in order as you prepare to look for that perfect place to call home—and shop for a mortgage that’s right for you. Just as in 2017, the supply of homes for sale is…
CFPB: Five-Year Strategic Plan Released
The Consumer Financial Protection Bureau (Bureau) today released its five-year Strategic Plan that establishes its mission, strategic goals, and strategic objectives. “If there is one way to summarize the strategic changes occurring at the Bureau, it is this: we have committed to fulfill the Bureau’s statutory responsibilities, but go no further,” said Acting Director Mick…
CFPB: Help Is Here for People with Severe Disabilities Struggling with Student Loans
Tens of thousands of disabled veterans and hundreds of thousands of people living with severe disabilities are now eligible for new student loan protections starting this year. What’s new for borrowers with severe disabilities and student debt? Due to a recent change in federal law, borrowers whose student loans are forgiven on or after…
CFPB: Free “Your Money, Your Goals” Tools for Diverse Communities
Financial challenges can happen to anyone regardless of age, income, or location. Just like the people and communities across the nation, the organizations that serve their needs are also diverse. We created Your Money, Your Goals with that diversity in mind. Your Money, Your Goals is a suite of financial empowerment materials that can help organizations…
CFPB: Latest List of Consumer Reporting Companies Available
You may know that your credit record affects your ability to get an affordable loan, a job, an apartment, or many other essentials of daily life. But, do you know where and how to actually request your credit report and what you can do once you order your consumer reports? Over the past few years,…
CFPB: Changes Finalized to Prepaid Account Rules
Changes Provide More Flexibility and Extend Effective Date to April 2019 The Consumer Financial Protection Bureau (Bureau) announced today that it has finalized updates to its 2016 prepaid rule. The Bureau’s 2016 prepaid rule put in place requirements for treatment of funds on lost or stolen cards, error resolution and investigation, upfront fee disclosures, access…
CFPB: Looking for a Loan? Find Out How to Know Before You Owe
Many people rely on loans to pay for college, buy a car, or become a homeowner. Taking out a loan can feel overwhelming and can significantly affect your financial future. When you’re taking out a big loan, you have many options and sometimes they can be confusing. That’s why we offer Know Before You Owe,…