This report contains the findings of the Bureau’s voluntary review of the final rule on the Home Mortgage Disclosure Act the Bureau issued in October 2015 (2015 HMDA Final Rule) and related amendments (collectively, the HMDA Rule). Section 1022(d) of the Dodd-Frank Act requires the Bureau to...

Technological innovations have changed the way consumers manage money and conduct their financial lives. Today’s technological landscape offers a range of personal finance apps that allow consumers to pay bills, monitor budgets, manage cash flow, and save. The automation built into personal...

Category: Data pointNew Data on the Characteristics of Mortgage Borrowers During the COVID-19 PandemicBy Office of Research – MAR 23, 2022In a May 2021 Consumer Financial Protection Bureau (CFPB) report, we used data from the National Mortgage Database (NMDB®) to report on the characteristics...

This report explores the consumer financial profiles of Buy Now, Pay Later (BNPL) borrowers using the Bureau’s Making Ends Meet survey and its association with credit bureau data. While many BNPL borrowers who we observed used the product without any noticeable indications of financial stress,...

Consumers are emerging from the COVID-19 pandemic into an economically tumultuous period marked by high inflation and other threats to financial security. How has the financial standing of America’s consumers, including those who are economically distressed, changed in response to the economic...

Many consumers struggle to afford the costs of essential medical services. To bring more focus to the impact of medical bills and collections on consumers, the Consumer Financial Protection Bureau (CFPB) is releasing reports and blogs over the next several months discussing the key financial...

In 2022, consumer financial health continued to be buoyed by pandemic relief, high employment, and increased savings accumulated during the first year of the pandemic. But financial health was no longer as high as it was during the first year of the pandemic. Average financial well-being had...

Twenty-six million people live in the Appalachian region, which includes parts of Alabama, Georgia, Kentucky, Maryland, Mississippi, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, and Virginia, and all of West Virginia. Thirty-three percent of Appalachians live in rural...

As a result of the CARES Act and subsequent administrative actions, more than 25 million student loan borrowers have had suspended payments on their federal student loans for more than two years. This suspension is scheduled to end later this year, and it remains uncertain how financially ready...

Category: Data pointNew Data on the Characteristics of Mortgage Borrowers During the COVID-19 PandemicBy Office of Research – MAR 23, 2022In a May 2021 Consumer Financial Protection Bureau (CFPB) report, we used data from the National Mortgage Database (NMDB®) to report on the characteristics...