Tag: cfpb

Inactivity Fee

Inactivity Fee What is 'Inactivity Fee' 1. A sum charged to investors who haven't engaged in any buying or selling activities in...

Ombudsman

Ombudsman What is 'Ombudsman' An official who investigates complaints (usually lodged by private citizens) against businesses, financial institutions and/or the government. An...

Ability To Repay

Ability To Repay What is 'Ability To Repay' An individual's financial capacity to make good on a debt. Specifically, the phrase "ability...

Real Estate Settlement Procedures Act (RESPA)

Real Estate Settlement Procedures Act (RESPA) What is 'Real Estate Settlement Procedures Act - RESPA' This act was designed to protect potential...

Payday Loans

DefinitionA payday loan is a small, short-term unsecured loan, "regardless of whether repayment of loans is linked to a borrower's payday." The loans are...

Fair Credit Reporting Act (FCRA)

DefinitionThe Fair Credit Reporting Act, 15 U.S.C. § 1681 is U.S. Federal Government legislation enacted to promote the accuracy, fairness, and privacy of consumer...

Fair Debt Collection Practices Act (FDCPA)

Fair Debt Collection Practices Act (FDCPA) What is the 'Fair Debt Collection Practices Act - FDCPA' The Fair Debt Collection Practices Act...

Federal Agencies

Federal Agencies What is 'Federal Agencies' Special government organizations set up for a specific purpose such as the management of resources, financial...

Day Loan

Day Loan What is 'Day Loan' A temporary transfer of funds from a bank to an individual broker or a brokerage firm...

National Association Of Mortgage Brokers (NAMB)

Home Ownership by Country National Association Of Mortgage Brokers (NAMB) What is 'National Association Of Mortgage Brokers - NAMB' An association that...

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