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A five-step spending plan to avoid holiday debt

The holidays can put a financial burden even on the savviest of shoppers and savers. But like most things, taking time to plan can help you avoid the stress that comes with overspending. Before you hit the mall or shop for Black Friday deals, keep reading to learn how to make a holiday spending plan that works for you.

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Five ways banks and lenders work with people who speak or understand limited English

More than one out of every 12 people over the age of five in the U.S. are limited English proficient (LEP), meaning that they speak English less than very well, according to the U.S. Census Bureau’s 2016 American Community Survey One-Year Estimates. LEP consumers may find it difficult to access financial products and services.

Today, we are releasing a report to share some current practices and raise awareness about issues that many LEP consumers face when participating in the financial marketplace.

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CFPB Launches New Mortgage Performance Trends Tool for Tracking Delinquency Rates


Newly Available Data Shows Lowest Mortgage Delinquency Rate Since the Financial Crisis


CFPB releases principles to protect consumer financial data

Principles cover consumer-authorized financial data sharing

The Consumer Financial Protection Bureau released a set of principles to better protect consumers when they authorize third party companies to access their financial data to provide certain financial products and services.

However, the CBFB clarified that these principles do not establish binding requirements or obligations relevant to the bureau’s exercise...

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eClosing and buying a home: Technology’s role in closing on a mortgage

Technology is transforming everything; it is changing the way we communicate, the way we access goods and services, and even the way we purchase homes. Soon, more and more consumers may increasingly find themselves being offered technology that allows them to access, sign, and submit mortgage closing documents online. We believe that “eClosing” can leverage technology in the mortgage closing process by providing consumers with more time to review closing disclosures and transform the way consumers relate to the overwhelming process of closing on a home.

When we asked consumers what they felt were the biggest issues...

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CFPB Finalizes Rule To Stop Payday Debt Traps


Lenders Must Determine If Consumers Have the Ability to Repay Loans That Require All or Most of the Debt to be Paid Back at Once


Seven factors that determine your mortgage interest rate


Your lender knows how your interest rate gets determined, and we think you should, too. Learn more about the factors that affect your interest rate.



FFIEC Announces Availability of 2016 Data on Mortgage Lending

 CFPB Takes Action Against Real Estate Settlement Services Provider for Steering Consumers to Affiliated Business


CFPB Orders Meridian Title to Disclose its Interests in Future Transactions and Pay up to $1.25 million


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Big changes coming for credit firms in wake of Equifax hack, CFPB director says

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Senate to soon vote to rescind new CFPB arbitration rule

Sen. Brown won't back down without a fight

With the Republican push for healthcare reform seemingly over for this year, it appears the Senate will likely vote on revoking the Consumer Financial Protection Bureau’s controversial arbitration rule soon.

According to an article in Reuters by Lisa Lambert and Pete Schroeder, “Once Republican lawmakers either pass or abandon their latest effort to redo healthcare...

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September 21, 2017

The Consumer Financial Protection Bureau (CFPB) released a list of common mistakes following the first round of mortgage origination examinations for compliance with the TILA-RESPA Integrated Disclosures (TRID) rule.

Referred to by the CFPB as Know Before You Owe, the bureau reported the findings in its summer edition of its Supervisory Highlights.

While the CFPB failed to provide a formal hold-harmless period, the bureau did state that it would be sensitive during these early examinations.

In the report, the bureau noted that supervised entities “were able to effectively implement and comply with the Know Before You Owe mortgage disclosure rule changes.”

However, the CFPB did compile a list of most common mistakes relating to the content and timing of Loan Estimates and Closing Disclosures:

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CFPB Amends Rules to Provide Flexibility and Clarity to Certain Mortgage Lenders in Collecting Information


Bureau Also Seeks Public Comment on Proposal for Disclosure of Mortgage Data



Equifax data breach updates

Top 10 ways to protect yourself in the wake of the Equifax data breach

CFPB Takes Action Against Top Notch Funding for Lying in Loan Offers to NFL Players, Deepwater Horizon Victims, and 9/11 First Responders


Proposed Order Would Shutter Post-Settlement Funding Business, End Deceptive Business Practices, and Impose Penalties



CFPB Supervision Recovers $14 Million in First Half of 2017 for Over 100,000 Consumers Harmed by Illegal Practices


Bureau Supervision Requires Some Companies to Change Practices to Prevent Future Violations



Credit reports and scores

Your credit reports and scores have a major impact on your financial opportunities. Our resources can help you better understand your credit reports and scores, learn how to correct inaccuracies, and improve your credit record over time.

Click the link below for more information:



Whether you are getting a mortgage, having trouble paying your mortgage, or want to learn about reverse mortgages, we have answers to your questions.

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Owning a Home:
Tools and resources for homebuyers

Whether you’re just thinking about buying a home or about to close, we help you take control of the process.

Click the link below for tips: