CFPB Report Finds Continued Challenges for Households that Rent

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Case Summary

The Consumer Financial Protection Bureau (CFPB) published two reports examining rental payment data from September 2021 to November 2024. While late payment rates decreased overall, the data reveal growing average balances and increasing fees among renters, indicating ongoing financial challenges despite some improvements.

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CFPB Report Finds Continued Challenges for Households that Rent

Media Coverage · April 18, 2026

CFPB Report Finds Continued Challenges for Households that Rent Late payments decreased overall, but data reveal growing balances and increasing fees WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) released two reports looking at national rental payment data from September 2021 to November 2024. The percentage of renters who paid late fees in the last year reached 23% in February 2023.

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Key Issues

• • Decreasing late payment rates
• • Increasing average balances
• • Growing fees for renters

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CFPB Report Finds Continued Challenges for Households that Rent Late payments decreased overall, but data reveal growing balances and increasing fees WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) released two reports looking at national rental payment data from September 2021 to November 2024. The percentage of renters who paid late fees in the last year reached 23% in February 2023. While the rate declined to slightly less than 14% in November 2024, the CFPB’s analys

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Media Coverage April 18, 2026

CFPB Report Finds Continued Challenges for Households that Rent

CFPB Report Finds Continued Challenges for Households that Rent Late payments decreased overall, but data reveal growing balances and increasing fees WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) released two reports looking at national rental payment data from September 2021 to November 2024. The percentage of renters who paid late fees in the last year reached 23% in February 2023. While the rate declined to slightly less than 14% in November 2024, the CFPB’s analysis found that the median outstanding rental balance rose 60% between September 2021 and November 2024, suggesting increased financial distress among affected households.

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CFPB Report Finds Continued Challenges for Households that Rent

CFPB Report Finds Continued Challenges for Households that Rent Late payments decreased overall, but data reveal growing balances and increasing fees WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau …

Apr 18, 2026