CFPB Semi-annual Report on Consumer Complaints – Part 2
CFPB Semi-annual Report on Consumer Complaints – Part 2 Auto Loans by John Ulzheimer Share Share Email Yesterday I addressed the credit card, consumer loan, mortgage loan complaints consumer made to the Consumer Financial Protection Bureau (CFPB). In this part 2, I’ll address student loan, bank account and service complaints and handling of the complaints. […]
What Are The CFPB Examination Procedures for Consumer Reporting Agencies?
What Are The CFPB Examination Procedures for Consumer Reporting Agencies? Credit Monitoring by John Ulzheimer Share Share Email In March 2012, the Consumer Financial Protection Bureau (CFPB) announced that they were targeting consumer reporting agencies (CRAs) with at least $7 million in annual revenue. This included 30 companies, representing 94 percent of the market and […]
Consumer Debt Increased in August
Consumer Debt Increased in August Auto Loans by John Ulzheimer Share Share Email In August 2012, we saw the largest increase in consumer debt in three months. According to the Federal Reserve, it was $2.73 trillion, which was 5.5 percent above July 2008. The categories that increased were auto, student loans, and credit card; the […]
CFPB Semi-annual Report on Consumer Complaints – Part 1
CFPB Semi-annual Report on Consumer Complaints – Part 1 Credit Cards by John Ulzheimer Share Share Email The Consumer Financial Protection Bureau (CFPB) started accepting consumer complaints in July 21, 2011. The Bureau was charged with protecting consumers against deceptive practices by the consumer financial services industry. The first complaints were about credit cards; the […]