CFPB: Bureau Releases Sixth Annual Report from the Office of Servicemember Affairs

I am pleased to offer the sixth annual report from the Office of Servicemember Affairs (OSA) highlighting issues and emerging trends facing servicemembers, veterans, and military families (collectively referred to as “servicemembers” in this report). The Consumer Financial Protection Bureau (CFPB) and the OSA are committed to ensuring that servicemembers […]

CFPB: Bureau Asks Congress for Clear Authority to Supervise for Compliance with the Military Lending Act

Consumer Financial Protection Bureau Director Kathleen L. Kraninger today issued the following statement announcing that she has asked Congress to grant the CFPB clear authority to supervise for compliance with the Military Lending Act (MLA). “The Bureau is committed to the financial well-being of America’s service members. This commitment includes […]

Joint Release: Regulators Encourage Institutions to Work with Borrowers Affected by Government Shutdown

Joint press release with: Board of Governors of the Federal Reserve System, Conference of State Bank Supervisors, Federal Deposit Insurance Corporation, National Credit Union Administration, Office of the Comptroller of the Currency Five federal financial institutions regulators and state regulators encourage financial institutions to work with consumers affected by the federal government shutdown. While the […]

CFPB: Assessments of Ability-to-Repay and Mortgage Servicing Rule Published

The Consumer Financial Protection Bureau (Bureau) today published a report under section 1022(d) of the Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) assessing the effectiveness of the Bureau’s Ability to Repay and Qualified Mortgage Rule and a separate report assessing the effectiveness of the Bureau’s mortgage servicing rule […]

CFPB: Policy Guidance Announced on Disclosure of Home Mortgage Data

The Consumer Financial Protection Bureau (Bureau) today announced final policy guidance describing the Home Mortgage Disclosure Act (HMDA) data the Bureau intends to make available to the public beginning in 2019, including modifications to protect consumers’ privacy. HMDA requires lenders to collect, report, and publicly disclose loan-level data about their […]

FHFA: U.S. Mortgage Statistics Released from the National Mortgage Database

The Federal Housing Finance Agency (FHFA) today released the first set of national statistics derived from the National Mortgage Database (NMDB®) as a step toward implementing the monthly mortgage market survey public data disclosure required by the Housing and Economic Recovery Act of 2008 (HERA).  FHFA will continue to assess […]

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 […]