Inactive

THIS IS A REQUEST FOR INFORMATION ONLY. There is no promise of an award or an upcoming solicitation. Background: The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Pub. L. 111-203)... THIS IS A REQUEST FOR INFORMATION ONLY. There is no promise of an award or an upcoming solicitation. Background: The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Pub. L. 111-203) established the Consumer Financial Protection Bureau (CFPB) to regulate the offering and provision of consumer products or services under federal consumer financial laws. Consistent with the purposes of the Dodd-Frank Act, CFPB’s mission is to establish and enforce clear, consistent rules for the financial marketplace, protect American families from unfair financial practices, and develop and implement a strategy to improve the financial literacy of consumers. The CFPB is charged with “developing and implementing initiatives intended to educate and empower consumers to make better informed decisions” (12 U.S.C. § 5493(d)). As part of its work to fulfill this educational mandate, the CFPB has developed a set of tools and resources to help consumers navigate the uncertain financial terrain between themselves and their goals. One of such tools is called Mortgage Interest Rate Explorer (Explorer), which helps consumers (homebuyers or homeowners) understand what interest rates they can expect to receive on their mortgage loan, based on their personal characteristics, including credit score, physical location, and loan amount. The tool helps consumers be better prepared to shop for a loan by giving them a greater understanding of the current market. It also helps them evaluate their loan offers to see if they have gotten a good deal relative to what would be expected in the market for someone with their personal characteristics. Purpose of RFI: The objective of this RFI is to conduct market research to find potential data and service providers to power the Explorer tool from a cost-efficiency perspective. The CFPB wants to identify vendors who can provide the scope of the data and service that falls into the following categories: data requirements, data coverage, data quality and technical delivery. see attached PDF file with RFI and instructions.