2026-01086Notice

CFPB Tests If Loans Confuse You Less Now?

Published Date: 1/21/2026

Notice

Summary

The Consumer Financial Protection Bureau is asking for public feedback on a new survey to test if updated mortgage disclosure forms help people understand their loans better. This affects about 2,000 everyday folks and aims to make loan info clearer without costing extra time or money. Comments are welcome until February 20, 2026, so jump in and share your thoughts!

Analyzed Economic Effects

2 provisions identified: 1 benefits, 0 costs, 1 mixed.

Mortgage disclosure survey testing

The CFPB and the Independent Community Bankers of America will pre-test modified mortgage disclosure forms with about 2,000 individual respondents. The agency estimates a total burden of 1,500 hours (about 0.75 hours per respondent) to measure whether consumers similar in age, income, and education to community bank customers better understand loan details like interest rate and payment schedule.

Public comment opportunity deadline

The CFPB requests public comments on this new information collection, and written comments must be received on or before February 20, 2026. Comments are submitted via www.reginfo.gov and will become part of the public record.

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Key Dates

Published Date
Comments Due
1/21/2026
2/20/2026

Department and Agencies

Department
Independent Agency
Agency
Consumer Financial Protection Bureau
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