CFPB report on housing insecurity

by David Park, NAFCU Compliance Blog

On March 1, the Consumer Financial Protection Bureau (CFPB) issued a report about the impact of the COVID-19 pandemic on housing insecurity. The report’s executive summary notes that “this report summarizes some of the relevant data and research on the impact of the pandemic on the rental and mortgage market, and particularly its impact on low income and minority households.”

Housing insecurity, as described in the report, refers to families that lack access to housing that is safe, affordable, and stable. The report indicates that housing insecurity has been associated with the following:

  • Higher levels of depression;
  • Higher levels of disciplinary problems at school;

 

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