Beware of new CFPB imposter scams
Recently, several people have received phone or video calls from scammers, pretending to be CFPB employees, who are trying to steal your money. Learn what to watch for and how to protect yourself.
Holding debt collectors responsible for false statements
The CFPB filed an amicus brief to help ensure that consumers can hold debt collectors accountable for making false statements.
Holding debt collectors responsible for false statements
The CFPB filed an amicus brief to help ensure that consumers can hold debt collectors accountable for making false statements.
Office of Research blog: A look at cash-out refinance mortgages and their borrowers between 2013 to 2023
As interest rates increased in 2022, the number of refinance mortgage originations declined, with cash-out refinances becoming a larger share of all refinances. Cash-out refinances exacerbated the 2008 financial crisis, but regulatory and market developments may have changed the risks of cash-out refinances to consumers and the mortgage market. AContinue Reading
State Regulatory Developments on “Income-Based Advances”
The CFPB has submitted input on a proposal by the California Department of Financial Protection and Innovation explaining states’ critical role in oversight of providers of consumer financial products and services.
CFPB Ombudsman’s Office 2023 Annual Report
The CFPB Ombudsman’s Office shares its FY2023 Annual Report.
Piloting Disclosures for Construction Loans
Individual lenders can apply to enroll in a testing pilot of alternative, tailored disclosures for construction loans designed to improve consumer understanding of loan terms and costs.
CFPB to distribute more than $240,000 to consumers harmed by student loan debt-relief scam
845 consumers will receive checks from a lawsuit against the owner of a student loan debt-relief company that withdrew hundreds of thousands of dollars from borrowers without authorization.
Distribuiremos más de $240,000 entre consumidores afectados por estafa de alivio de deuda de préstamos estudiantiles
Consumidores recibirán cheques de demanda contra compañía de alivio de deuda de préstamos estudiantiles que tomó miles de dólares de sus prestatarios sin su autorización.
Servicemembers continue to face major financial challenges
The CFPB works to protect servicemembers in the financial market, engage military stakeholders, and monitor the market to identify risks to servicemembers, veterans, and military families.