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CFPB Releases Latest Data From Complaint Database

Joe Mont | December 31, 2015

The Consumer Financial Protection Bureau has concluded its most recent review of complaints filed with the agency, and put a focus on money transfer businesses.

The Bureau currently accepts complaints on many consumer financial products, including credit cards, mortgages, bank accounts and services, private student loans, vehicle and other consumer loans, credit reporting, money transfers, debt collection, and payday loans.

 “Through rules on international money transfers and continued supervision of this important financial service, the Bureau is working to make sure that consumers can easily send money without having to worry about delays or hidden fees,” CFPB Director Richard Cordray said in a statement.

In 2013, the CFPB finalized rules on international money transfers that provided new protections...

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