CFPB: Tracking Success | A Core Set of Financial Outcomes for Financial Empowerment Programs
Today, we’re releasing a core set of financial outcomes to help human services organizations demonstrate the value of building financial empowerment and capability initiatives into their work. Many of these organizations help people access housing, jobs, emergency assistance, or other services they may need to address crises, achieve economic independence, or build assets. Including financial…
CFPB: Get Money Smart
Here at the CFPB, we support Money Smart Week (April 22–29) as part of Financial Literacy Month. Throughout the United States, consumers like you are invited to thousands of free financial education classes and seminars held by local and regional organizations. The classes and seminars cover a wide variety of money-management topics such as buying…
CFPB: Safeguarding Against Credit Discrimination | 2016 Fair Lending Report
It is against the law for a lender to discriminate in any aspect of a credit transaction based on certain reasons. Despite this prohibition, we hear from consumers who believe they have been treated differently because of these reasons, including characteristics such as their age, race, national origin, or sex. That’s where the CFPB’s Office…
CFPB: Changes to Regulation C Proposed to Help Industry Company | Looking for Feedback
Today we released a proposal to amend Regulation C to provide certain clarifications that would help companies comply with their data reporting requirements. Regulation C implements the Home Mortgage Disclosure Act (HMDA). The Home Mortgage Disclosure Act (HMDA) requires many financial institutions to maintain, report, and publicly disclose information about mortgages. HMDA was originally enacted…
CPFB: Extension Proposed to Prepaid Account Rule’s Effective Date
Today, we released a proposal to delay the effective date of our rule governing prepaid accounts by six months. The CFPB’s prepaid accounts rule will provide strong consumer protections and we want the rule to become effective as soon as possible. However, through our efforts to support industry implementation, we have learned that some industry participants believe they will…
CFPB: Check Out New List to See if Your Credit Card Offers you Free Access to One of Your Credit Scores
Take a first step toward learning more about your credit history by checking your credit scores and credit reports. Today we released a list of several companies that told us they offer existing credit card customers free access to one of their credit scores. Until recently, consumers couldn’t easily access their credit scores and often had to…
CFPB: How to Deal with “Bad Credit” – or No Credit – When You Want to Buy a Home
Buying a home is exciting. It’s also one of the most important financial decisions you’ll make. Choosing a mortgage to pay for your new home is just as important as choosing the right home. You have the right to control the process. Check out our other blogs on homebuying topics, and join the conversation on Facebook…
CFPB: Managing Your Spending to Achieve Your Goals
Getting feedback on spending can help you keep your spending in check. Have you ever lost track of how much money you spent during the week, and ended up spending more than you meant to? If you’re having trouble sticking to a budget or saving money, you are not alone. According to consumer marketing research,…