The CFPB has received feedback on its BNPL interpretive rule and will now provide more clarity and guidance on company compliance and the benefits to consumers
Continuaremos tomando los pasos necesarios para garantizar que todos los consumidores, incluyendo los inmigrantes, tengan acceso equitativo a oportunidades de crédito
The CFPB will continue to take steps to ensure that all consumers, including immigrants, have equal access to credit opportunities
Creditors can obtain civil judgments to seize assets and garnish wages for unpaid debts
We requested information from the largest credit card companies about why actual payment information has largely gone missing from the nationwide consumer reporting system
The distribution of credit score tiers shifted upward during the pandemic
Access to credit plays a critical role in financial resiliency, especially during an economic downturn
The CFPB is working to identify and address the financial needs of immigrant consumers
Far too many minority households and businesses continue to lack fair and equitable access to credit
A CFPB report revealed that the NCRAs have largely relied on vague, unhelpful form letters in response to consumer complaints filed with the Bureau
