Posts from December 2011

Today, our Office of Servicemember Affairs is hosting a Financial Fitness Forum in Washington, DC. We’ve streamed the morning’s events, including introductory remarks from Holly Petraeus and Raj Date, a panel on servicemembers’ financial readiness, and a keynote address from Robert Gordon, Deputy Assistant Secretary of Defense for Military Community and Family Policy.

Watch an archived version of this morning’s panel here. (more…)

As the nation’s first federal agency focused on consumer financial protection, we have been hard at work putting procedures and mechanisms in place to protect you from unfair, deceptive, and abusive financial practices (more…)

Comparing offers before applying for a credit card will help you find the right card for your needs, and ensure that you’re not paying higher fees or interest rates than you have to. (more…)

A credit card agreement is a document that lays out the terms and features of a credit card. Millions of times every year, financial institutions send out these agreements to consumers. And every year, millions of consumers receive the agreements and do not read them.

We believe it is important to make these contracts less complicated so that consumers can better understand their credit cards. At the same time, we don’t want to limit issuers’ freedom to design credit card products. Today, we are happy to announce an initiative that we believe can meet these interests. (more…)

On December 7th, Raj Date announced the Bureau’s initiative to develop a shorter, simpler credit card agreement that spells out the terms for the consumer. A recording of that announcement is posted below. You can also read Raj’s full remarks. (more…)

Homeowners struggling to make their mortgage payments should beware of con artists and scams that promise to save their homes and lower their mortgage debt or payments.

If you are struggling to pay your mortgage and are seeking a mortgage modification, keep the following tips in mind.