Overdraft fees can price people out of banking
People dealing with frequent overdraft fees may face a difficult and expensive uphill climb. These fees are often assessed for reasons people do not expect or understand, take a heavy toll on families living paycheck to paycheck, and in some cases ultimately drive people out of banking altogether.
CFPB Extends Opportunity for Public to Provide Input on Junk Fees
The Consumer Financial Protection Bureau (CFPB) announced today that it will extend the deadline for the public to share input and stories on their experiences with exploitative junk fees through April 11, 2022.
The Fed is raising interest rates. What does that mean for borrowers and savers?
As the economy recovers from the global pandemic, American families and businesses are experiencing higher prices.
Cracking down on discrimination in the financial sector
Vigorous enforcement of the laws protecting against discrimination is essential for us to achieve broader equity and opportunity. The CFPB will prioritize enforcement of the Equal Credit Opportunity Act and its other authorities to ensure no one is discriminated against in connection with a consumer financial product or service.
Designing for the people we serve
We believe our work should be rooted in research and experience from the people we serve. For many, our website’s homepage is the front door to the CFPB. We are excited to unveil our homepage redesign which considered feedback from dozens of people like you.
Using the Homeowner Assistance Fund program to help borrowers prevent foreclosure
The HAF program can assist homeowners with housing-related costs. The CFPB strongly encourages mortgage servicers to participate in this program and work with homeowners to help prevent avoidable foreclosures.
Safely sending money to loved ones in conflict areas
People in the United States are trying to connect with family and friends in Ukraine, including finding ways to send money directly. Here are resources to safely send money overseas.
New effort focused on financial issues facing rural communities
The Consumer Financial Protection Bureau has launched a new initiative to focus on financial issues facing rural America. Our effort will initially focus on rural banking deserts, discriminatory and predatory agricultural credit, and manufactured housing.
Shining a Spotlight on Workers’ Financial Experiences
In response to concerns from workers about financial risk and harm from employers, the CFPB is looking into the consumer financial products or services that workers face in the workplace, including employer-driven debt and the selling of worker data.
Rising car prices means more auto loan debt
Due to its size and impact on Americans’ everyday lives, we are closely monitoring auto lending. As the economy recovers, we need to ensure that the market is fair, transparent, and competitive – and is working for consumers.