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…
CFPB: Understand Your Options | Tips for Student Loan Borrowers with Disabilities
Student loan borrowers with disabilities face unique challenges when repaying student loan debt. Borrowers with disabilities complain to the Bureau about servicing breakdowns and debt collection obstacles. These breakdowns can increase borrowers’ financial distress. Servicing breakdowns that lead to delinquency and default can be particularly devastating for borrowers with disabilities. This is because certain of…
CFPB: Project Catalyst Collaboration with Credit Karma to Improve Understanding of Financial Well-Being
At the CFPB, we believe all consumers have the right to achieve greater financial well-being for themselves and their families. Over the past few years, we talked to consumers across the country to hear what they had to say about financial well-being and what it means to them. We learned that financial well-being means having…
CFPB: 10 Ways to Protect Yourself in the Wake of the Equifax Data Breach
Whether or not you are among the millions of people affected by the recent Equifax data breach, there are several steps you can take to respond when your personal information is exposed in a data breach. We outlined several identity theft tips for you last week. Since then, people have been asking many questions and…
CFPB: Service Members Should Secure Their Identity after the Equifax Data Breach
If you were one of the many servicemembers and their families affected by the recent Equifax data breach, it is time for you to secure your identity. Thankfully, active duty servicemembers have special tools at their disposal, like active duty alerts or a security freeze, to reduce the risk of identity theft. Here is a CFPB operation order for…
CFPB: Announces First No-Action Letter in Efforts to Support Consumer-Friendly Innovation
The Consumer Financial Protection Bureau (CFPB) today announced a no-action letter issued to Upstart Network, Inc., a company that uses alternative data in making credit and pricing decisions. As a condition of the no-action letter, Upstart will regularly report lending and compliance information to the CFPB to mitigate risk to consumers and aid the Bureau’s…
CFIB: Identity Theft Protection Following the Equifax Data Breach
By Kristin Dohn Millions of Americans have been impacted by the recent Equifax data breach. Whether or not your personal information has been stolen, there are steps you can take to protect yourself and your credit. What is identity theft, and what can you do? Sometimes criminals who steal data use it to engage in…
CFPB: A Financial Toolkit for Victims of Hurricanes Harvey and Irma
When a catastrophe like Hurricane Harvey or Hurricane Irma happens, your world can be turned upside down. During these tough times, it may be difficult to know who to trust and where to look for guidance and assistance, as well as what financial steps to take as you begin recovering. These are a few organizations…