CFPB complaints from military community up 13%

CFPB Fin Ex and Community Education Projects. Module 13 Evaluating financial service providers, products, & services. Sarah.bainton@cfpb.gov Sign up to receive regular updates from the Office of Financial Empowerment and learn more about our work at

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Complaints & Satisfaction. The volume of credit card complaints filled with the CFPB in Q2 2019 decreased by almost 5% in the last year. Complaints related to "Closing/Cancelling account" (+16.6%), "Billing" (+15.0%) and "Identity theft / Fraud / Embezzlement" (+12.4%) increased the most during Q2.

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 · We’re taking a look back at the year’s worst personal finance offenders: companies that cost customers millions of dollars and untold hours of grief through a host of nefarious practices.

Nationstar Mortgage agreed on Wednesday to pay .75 million to the Consumer Financial Protection Bureau for failing to accurately report home mortgage data that is used to identify discrimination. Though no consumers were affected, the CFPB said that the magnitude of the errors, history of.

The OCC and FDIC have filed a joint amicus brief in a Colorado federal district court arguing that the court should affirm the decision of a bankruptcy court holding that a non-bank loan assignee could charge the same interest rate the bank assignor could charge under Section 27(a) of the Federal Deposit Insurance Act, 12 U.S.C. 1831d(a), despite the Second Circuit’s decision in Madden v.

Military families and service members are submitting debt collection complaints at twice the rate of other consumers, the Consumer Financial Protection Bureau said Tuesday in a report. The CFPB has.

Sen. Paul threatens to hold up Janet Yellen nomination Sen. Rand Paul (R-KY) in threatening to block Obama’s Fed appointee. Paul announced Tuesday that unless senate leadership ties Yellen’s confirmation to a vote on his Fed transparency bill, he.

Additionally, the Office of Servicemember Affairs monitors complaints from military families, the responses to those complaints by the CFPB and other agencies and to see that federal and state agencies coordinate their activities to improve consumer protection measures for military families. "I feel very fortunate to do this job," said Petraeus.

The Consumer Financial Protection Bureau’s fourth annual Servicemembers report for 2015 showed 19,200 complaints from members of the military community, which is 13% more than what was reported. The following post comes from the Military Saves Blog. Follow them on Facebook and Twitter!

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