The CFPB's #1 Consumer Complaint Is Credit Reporting Errors


The CFPB's #1 Consumer Complaint Is Credit Reporting Errors

Jan, 15th 2017

Many consumers in 2016 told the CFPB their credit reports were incorrect

If you are upset about something on your credit report, you’re not alone.

Of all the complaints posted to the Consumer Financial Protection Bureau’s website in 2016, the highest percentage were complaints about credit reporting — more than 43,000, or about 23% of the total 186,000 complaints.

That’s according to an analysis of the complaints by the personal finance company LendEdu.

Mortgages and debt collection were the next most complained-about topics, each taking about 21% of the complaints for the year.

The CFPB releases an annual roundup of the most complained-about topics and most recently released data about 2015 complaints (it hasn’t released an analysis 2016 data to the public yet, but LendEdu did its study based on...

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