CFPB, Federal Agencies, State Agencies, and Attorneys General
The CFPB has released its March 2016 grievance report which highlights complaints about commercial collection agency and complaints from Florida customers. The payday loans near me Superior Wisconsin CFPB started complaints that are taking commercial collection agency in July 2013.
General findings include the immediate following:
- At the time of March 1, 2016, the CFPB managed about 834,400 complaints, including approximately 22,800 complaints in February 2016. Commercial collection agency represented about 32 per cent of complaints submitted in 2016 february. Commercial collection agency complaints, along with complaints about credit scoring and mortgages, collectively represented about 69 per cent associated with the complaints submitted in February 2016.
- Complaints about вЂњother financial servicesвЂќ showed the percentage increase that is greatest predicated on a three-month average, increasing about 66 % through the exact exact same time this past year (December 2014 to February 2014 compared to December 2015 to February 2016). This category includes complaints about debt consolidation, check cashing, credit fix, reimbursement expectation checks, and cash purchases. Complaints during those durations increased from 104 complaints in 2014/2015 to 173 complaints in 2015/2016.
- Pay day loan complaints revealed the percentage decrease that is greatest predicated on a three-month average, decreasing about 14 % through the exact exact same time a year ago December 2014 to February 2014 in contrast to December 2015 to February 2016). Complaints during those durations reduced from 466 complaints in 2014/2015 to 401 complaints in 2015/2016.
- Connecticut, Kansas, and Georgia experienced the complaint volume increases that are greatest through the exact exact same time a year ago (December 2014 to February 2014 weighed against December 2015 to February 2016) with increases of, correspondingly, 31, 30, and 25 %. Read More “customer Finance B has given its March 2016 issue report which highlights complaints about”