CFPB: Got a Check in the Mail from the CFPB? Here’s How to Tell if it’s Legit
If you have received a check from the CFPB, it is because we have taken an enforcement action against a person or company for violating a consumer financial protection law, and you are eligible for compensation as a result of this violation. This check may come in the mail directly from the CFPB or from…
CFPB: Things to Consider before Borrowing a Reverse Mortgage to Delay Collecting Social Security
For most people, the amount of money you bring in each month decreases after you retire. Yet your expenses, particularly for health care, may not follow suit. So the question on the minds of many approaching this life stage is: how do I replace or supplement my monthly income when I retire? The most obvious…
CFPB: Use an Ordinary Trip to the Grocery Store to Explain Finances to your Kid as you go
We all know our kids are always watching and learning (even when we wish they weren’t). This applies to the way you use and manage money as well. Every day, you make decisions about money that might not be visible to your kids. For example, they may not know that you set a budget for…
CFPB: Tips for Tax Preparers to Use to Help People Save and Build Assets During Tax Time
Saving money can be hard, especially for people who are living paycheck to paycheck. Often, people who are struggling to make ends meet don’t have enough money to save, or a way to transfer money automatically into a savings account. That’s why once a year when consumers file their tax returns may be a time…
CFPB: Working to Better Serve People Through Financial Coaching
At the CFPB, we recognize the value of financial coaching. Financial coaching is an emerging practice in which trained financial coaches work collaboratively with clients to help them identify and reach their personal financial goals. That’s why in April, we hosted the 2017 Financial Coaching Symposium in Madison, Wisconsin. The event brought together financial coaching…
ABA: 10 Money Mistakes College Freshmen May Soon Regret
As college freshmen begin arriving on campuses across the country, the American Bankers Association Foundation is highlighting common money mistakes many of their predecessors wish they had avoided. “Most college freshmen are getting a taste of economic freedom for the first time, and they may not realize that small expenses can add up really quickly,”…
CFPB: Three Steps to Help Make Tough Choices in Tight Moments
When bills are piling up, it’s important to remember that you’re still in control. While you are ultimately responsible for paying all of your bills on time, there are things you can do if you fall short one month and don’t have enough money to cover everything. Follow our three easy tips that can help…
CFPB: Denied for a Bank Account? Here’s What You Should Know
You may have heard that we recently determined that JPMorgan Chase Bank, N.A. (Chase) violated the Fair Credit Reporting Act (FCRA) in connection with its furnishing of consumer deposit account information to specialty consumer reporting companies. Specialty consumer reporting companies collect information and provide reports about how consumers use their deposit accounts. These companies are…
CFPB: Companies Warned Against Tricking Consumers into Expensive Pay-by-Phone Fees
Bureau Concerned About Companies Misleading Consumers About Pay-By-Phone Fees, Keeping Them in the Dark About Much Cheaper Options WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today issued a bulletin warning companies about tricking consumers into expensive pay-by-phone fees. The Bureau is concerned about companies potentially misleading consumers about the purpose and amount of certain…
CFPB: Three Tools to Help Your Homebuying Process
Buying a home is exciting. It’s also one of the most important financial decisions you’ll make. Choosing a mortgage to pay for your new home is just as important as choosing the right home. You have the right to control the process. Check out our other blogs on homebuying topics, and join the conversation on…