CFPB complaints from military community up 13%

The Military. up again” outside military bases, he said. Young service members who are particularly vulnerable to these lenders aren’t necessarily aware of complex laws that protect them, Davis.

— during our most recent annual report mortgage complaints made up 11% of all SM complaints for the period Apr 17 – Aug 18. [email protected]. E-mail distribution. retirees, family members, and veterans – the whole military community; – Order free Bureau brochures to distribute to.

For the first three months of its existence, the CFPB has been collecting credit-card. the companies in question said they resolved the complaints. Only in about 400 instances – less than 13% of.

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Sign up. 14 complaints in the last three years, all of which were closed. Twelve of the 14 were related to billing or collection issues. Melley said the companies have about 25,000 customers a year.

Consumers in every state except North Dakota filed the most complaints to the Consumer Financial Protection Bureau about Equifax EFX, -0.64% last year, according to an analysis of the CFPB’s.

Credit Bureaus Dominate CFPB Complaints Created in July 2010, the Consumer Financial Protection Bureau (CFPB) has been a welcome advocate for consumers wronged by businesses and financial.

The Consumer Complaint Database is a collection of complaints on a range of consumer financial products and services, sent to companies for response. We don’t verify all the facts alleged in these complaints, but we take steps to confirm a commercial relationship between the consumer and the company. See publication criteria

For military consumers, Imposter Scams topped the list, followed by Identity theft. fraud complaints: Almost 1.3 million complaints were fraud-related. About half of consumers reported what they paid for the product or service. The median amount was $450, for a total of $744 million.

One of the CFPB’s areas of interest is protecting military member, veterans, and their families from corporate abuse. Every year, the CFPB prepares a report on the top issues reported by this key demographic. In this year’s report, the CFPB cites a 13% increase in the number of complaints they received from this group.

Based on consumer complaints the CFPB sent to companies for response between June and August 2015, Navy Federal came in at number 14, with an average of 26 complaints – a 54% increase versus the.