CONSUMER WATCH: THE CFPB'S "GOT YOUR BACK" ON FINANCIAL COMPLAINTS! |
![]() Recently the Board started to oversee (monitor) the activities of the Credit Reporting industry. If you feel that your credit report has legitimate or otherwise factual errors, you now have a friend in Washington that will guide you through the complaint process. Furthermore, the CFPB can issue fines against companies that have systemic consumer complaints or that were found guilty of illegal practices. Just in the last 6 months months, the CFPB has won refunds and restitution for customers worth $425 million. The civil fines were even greater:
To lodge a complaint against a financial service company, get all the info HERE. If you have some time, look at their first annual report on complaints and resolution on behalf of consumers HERE. Courtesy of Al Clark Your Home Actions Newsletter |
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