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 institutions. In its short lifetime, the agency has fielded 1.5 million consumer complaints, publishing just fewer than 1.2 million of them in a convenient searchable form. The CFPB commands attention, as 97% of complaints sent to the CFPB get timely responses from the companies involved.
The CFPB's Consumer Complaint Database logs in all consumer complaints sent to the CFPB, including the nature of the complaint and the products and companies involved. Since 2015, the CFPB shows the same businesses holding the top thre...
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