CFPB: Seeking Feedback on Draft Strategic Plan FY 2018-2022
CFPB is required to produce a new strategic plan that establishes our mission, strategic goals, and strategic objectives for the next five years. We have posted a draft strategic plan for fiscal years 2018 to 2022 , and we invite your feedback. Please send your comments on our draft strategic plan to strategy@cfpb.gov by Nov. 18, 2017.
CFPB: Principles Outlined for Consumer-Authorized Financial Data Sharing and Aggregation
The Consumer Financial Protection Bureau (CFPB) today outlined principles for protecting consumers when they authorize third party companies to access their financial data to provide certain financial products and services. These principles are intended to help foster the development of innovative financial products and services, increase competition in financial markets, and empower consumers to take…
CFPB: Rule Finalized To Stop Payday Debt Traps
Lenders Must Determine If Consumers Have the Ability to Repay Loans That Require All or Most of the Debt to be Paid Back at Once The Consumer Financial Protection Bureau (CFPB) today finalized a rule that is aimed at stopping payday debt traps by requiring lenders to determine upfront whether people can afford to repay…
CFPB: eClosing And Buying A Home: Technology’s Role In Closing On A Mortgage
By Noerena Limón Technology is transforming everything; it is changing the way we communicate, the way we access goods and services, and even the way we purchase homes. Soon, more and more consumers may increasingly find themselves being offered technology that allows them to access, sign, and submit mortgage closing documents online. We believe that…
CFPB: Not Sure How To Talk Money With Your Kids? Start By Playing To Your Strengths
You might have reasons that you haven’t yet started to talk about money with your children. It might feel awkward, boring, preachy, or difficult. You might not know where to start, or when it’s the right time. But you probably know it’s important to start. We have tips to help You can have conversations that…
CFPB: Seven Factors That Determine Your Mortgage Interest Rate
Your lender knows how your interest rate gets determined, and we think you should, too. Learn more about the factors that affect your interest rate. By Nicole Shea If you’re like most people, you want to get the lowest interest rate that you can find for your mortgage loan. But how is your interest rate determined? That…
CFPB: FFIEC Announces Availability Of 2016 HMDA Data On Mortgage Lending
The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on mortgage lending transactions at 6,762 U.S. financial institutions covered by the Home Mortgage Disclosure Act (HMDA). Covered institutions include banks, savings associations, credit unions, and mortgage companies. The HMDA data cover 2016 lending activity and include: Applications, originations, purchases, sales of…
CFPB: What To See Where You Stand Financially? Start With These 10 Questions
In 10 questions, the CFPB’s interactive Financial Well-Being questionnaire shows you a score that can help you assess your financial situation. By Janneke Ratcliffe When it comes to money, there are lots of numbers to tell you how you’re doing, like how much you have in the bank, your credit score, or the number…
CFPB: First National Survey on Financial Well-Being Shows More Than 40 Percent of U.S. Adults Struggle To Make Ends Meet
Bureau Releases Interactive Online Tool to Help Consumers Measure Their Financial Well-Being Today, the Consumer Financial Protection Bureau (CFPB) released the results of a first-of-its-kind national survey on the financial well-being of U.S. consumers that showed that more than 40 percent of U.S. adults struggle to make ends meet. The survey provides measurements and insights…