CFPB publishes a financial toolkit for victims of Hurricane Harvey
Wednesday, September 6, 2017

On September 5, the Consumer Financial Protection Bureau (CFPB) published a blog post regarding what to do in the event of a natural disaster like Hurricane Harvey.  The CFPB recommends that affected consumers consolidate their financial information by using a checklist and take the following steps after their most urgent needs (like food and safety) have been met:

  1. start the claims process by calling the insurance company;

  2. register for FEMA assistance;

  3. contact their mortgage servicer and tell them about the situation, including damage to the home;

  4. contact their credit card company and any other creditors to explain the situation before the next payment is due; and

  5. contact utility companies to suspend service if the home is too damaged to live in.

The CFPB also provides a number of resources to assist consumers:

Finally, the CFPB warns consumer of the increased risk of fraud and provides tips on how to avoid common scams, such as fake charities and contractors selling repairs door-to-door.

Previously, we wrote about guidance from HUD, the Department of Veterans Affairs, Freddie Mac, and Fannie Mae, as well information from the banking agencies regarding Hurricane Harvey.

 

NLR Logo

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up to receive our free e-Newsbulletins

 

Sign Up for e-NewsBulletins