CFPB: 5 Financial New Year’s Resolutions
It’s that time of year again. A brand new year and time when we talk about our resolutions to better ourselves at work, home, and in many other ways. This year, why not add a financial goal to your resolution list? Even if you’re not the type to make an “official” New Year’s resolution, here…
CFPB: Preparing America’s Young Workers for Success
The success of America’s young workers is critical to the strength of our economy. Millions of young people enter the workforce every year. Youth employment programs offered in local communities present a powerful opportunity to help young people develop healthy financial habits early and access services and products that can help them save, invest, and…
CFPB: Be Money Smart
As part of Financial Literacy Month in April, CFPB supports Money Smart Week (April 21–28, 2018) as a way to help you be smart about money. Lots of free financial education classes and seminars are held by local and regional organizations throughout the United States for consumers like you to attend. The topics of these…
CFPB: Leandra English Named Deputy Director of the Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau (CFPB) today announced that Leandra English has been officially named deputy director of the agency. English, who had been most recently serving as the agency’s chief of staff, has previously held key leadership positions at the CFPB, the Office of Management and Budget, and the Office of Personnel Management. David…
CFPB: 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…
CFPB: Five Ways Banks and Lenders Work with People Who Speak or Understand Limited English
By Alice Chang and Dubis Correal and Holly Zaharchuk 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…
CFPB: Identification of Language Preference on the Uniform Residential Loan Application
The Bureau issued an official approval of the final redesigned Uniform Residential Loan Application (URLA), which will include a question about mortgage applicants’ language preference starting as early as July 2019. The Federal Housing Finance Agency (FHFA) directed Fannie Mae and Freddie Mac to add this question to the URLA, which is a form that…
CFPB: VA Refinancing Offers that Sound Too Good to Be True
By Patrick Campbell and Anthony Vail – NOV 20, 2017 Situation The CFPB and VA are issuing their first WARNO, “Warning Order,” to servicemembers and veterans with VA home loans. If you have a VA home loan, then there is a good chance that you have already come into contact with unsolicited offers to refinance…
Joint Release: Agencies Announce Threshold for Smaller Loan Exemption from Appraisal Requirements for Higher-Priced Mortgage Loans
The Consumer Financial Protection Bureau (CFPB), Board of Governors of the Federal Reserve System, and Office of the Comptroller of the Currency (OCC) today announced that the threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans during 2018 will increase from $25,500 to $26,000. The threshold amount will be effective January 1,…
CFPB: Sixty-one Organizations Join the 2018 “Your Money, Your Goals” Cohort
We’re working to expand the reach of Your Money, Your Goals to more people across the country with the help of our new 2018 Your Money, Your Goals cohort organizations. In September, we invited organizations to submit applications to participate in our 2018 Your Money, Your Goals cohort. After reviewing the applications, we’ve selected 61…