CFPB Puts the Monthly Spotlight Back on Credit Reporting

CFPB Puts the Monthly Spotlight Back on Credit Reporting

Apr, 27th 2017

The CFPB issued its monthly report on consumer complaints this month, providing a high-level snapshot of the recent trends in consumer complaints. The Report provides a summary of the volume of complaints by product category and type, by company, and by state. This month’s report highlights credit reporting which was last featured May 2016. Following are the highlights of this month’s report:

Complaint Volume by Product

  • In a startling change from prior months, the three products yielding the highest complaint volume in January 2017 were debt collection, student loan, and credit reporting. January 2017 is the first month where mortgage complaints slipped out of the top three. Student loan complaints jumped 537% over December 2016 numbers with no explanation for the sudden spike in student loan complaints between December and January.
Read More

Join Us. We are waiting for you!

Sign Up Today!

We welcome you to our community where you can gather and share information on debts and issues which may have your life unsettled. Together we thrive!


Logo mobile 4b2fda9e088d7249be95ede0cc3adea2de299a346ba55b450264e0c976b239c5

Join our community Today! IT'S FREE

Our Interactive Knowledge Base Has All The Infomation You Need To Settle Your Debt & Settle Your Life™

SIGN UP NOW!

Join, Resolve & Share!