CFPB Resource Center

  • February 27, 2015
    Regulators Release Guidance to Encourage Youth Savings Programs On Wednesday, February 25, 2015, the Financial Literacy Education Commission ( FLEC ) held a public meeting at the U.S. Department of Treasury in Washington, D.C., which focused on youth savings programs, and highlighted partnerships between the public and private sector to encourage strong financial skills in young people. The...
  • February 20, 2015
    CFPB Issues Report on Free Access to Credit Scores On Thursday, February 19, 2015, the CFPB released a study on how consumers access their credit scores and credit reports. The study found about 50 million consumers now have free and regular access to their credit scores through their monthly credit cards statements or online. The report also highlighted some difficulties consumers may have in...
  • February 13, 2015
    CFPB Releases Study on Mortgage Complaints On Wednesday, February 11, 2015, the CFPB released a study entitled: "Snapshot of reverse mortgage complaints December 2011 - December 2014," which analyzes about 1,200 reverse mortgage complaints received by the agency. According to a CFPB press release , the top reverse mortgage complaints included distress about the inability to add new borrowers to...
  • February 6, 2015
    CFPB Announces Next Consumer Advisory Board Meeting On Tuesday, February 3, 2015, the CFPB announced the next meeting of its Consumer Advisory Board will be held February 19, 2015 from 10 a.m. – 4 p.m. in Washington, D.C. According to the agenda , the meeting will focus on financial wellness and medical debt. CFPB Files Action Over Alleged Credit Card Scam On Tuesday, February 3, 2015, the CFPB...
  • January 30, 2015
    ​CFPB Urges Lenders to Offer More Student Loan Modifications Available On Thursday, January 29, 2015, the CFPB announced interagency guidance and a voluntary survey of student loan market participants about the loan modification options being made available to borrowers. Issued by the OCC, Federal Reserve, FDIC, National Credit Union Administration, CFPB , and the Federal Financial Institutions...
  • January 23, 2015
    CFPB, Maryland Take Action on Alleged Mortgage Kickbacks On Thursday, January 22, 2015, the CFPB and the Maryland Attorney General announced a joint action against Wells Fargo and JPMorgan Chase for an alleged illegal marketing-services-kickback scheme involving Genuine Title, a now-defunct title company. The agencies allege that Genuine Title gave the banks' loan officers cash, marketing...
  • January 16, 2015
    CFPB Announces Mortgage Shopping Tool for Potential Borrowers On Tuesday, January 13, 2015, the CFPB released a report detailing the way in which consumers shop for mortgages. Based on results from data in the National Survey of Mortgage Borrowers, conducted jointly by the CFPB and Federal Housing Finance Agency, the report found: Almost half of consumers fail to shop around before applying for a...
  • January 9, 2015
    CFPB Releases Report on MLA On Monday, December 29, 2014, the CFPB released a report claiming loopholes in the current Military Lending Act (MLA) rules cause servicemembers to incur extra costs. The report asserts loopholes have enabled companies to offer pricey loans to military families by avoiding the 36 percent rate cap and other credit protections specific to the military. This cap includes...
  • December 19, 2014
    CFPB Issues Report on College Credit Card Agreements On Monday, December 14, 2014, the CFPB released its second annual report to Congress on "College credit card agreements." The Credit Card Accountability, Responsibility and Disclosure Act ("CARD Act") requires the Bureau to submit to Congress an annual report listing information submitted to the Bureau concerning agreements between credit card...
  • December 19, 2014
    CFPB Issues Report on College Credit Card Agreements On Monday, December 14, 2014, the CFPB released its second annual report to Congress on "College credit card agreements." The Credit Card Accountability, Responsibility and Disclosure Act ("CARD Act") requires the Bureau to submit to Congress an annual report listing information submitted to the Bureau concerning agreements between credit card...

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