CFPB reports consumer complaints topple 700k

CFPB reports consumer complaints topple 700k

The Consumer Financial Protection Bureau has issued a report for the close of 1015 that shows the agency has handled more than 790,000 complaints. As of Jan. 1, the bureau reported that it has handled complaints across all products, highlighting consumer complaints...
CFBP does more than tackle large problems

CFBP does more than tackle large problems

For consumers who have a dispute or other issue with a company, arbitration may be cost prohibitive and complaints to the company may go unanswered. The Consumer Financial Protection Bureau also accepts individual consumer complaints and forwards them to the company....
American Arbitration Association revises construction rules

American Arbitration Association revises construction rules

by Carol Thompson The American Arbitration Association has revised the rules governing the construction industry, effective July 1, expanding the powers of the arbitrator and may alter traditional assumptions underlying the selection of arbitration as a dispute...
Is the CFPB too powerful?

Is the CFPB too powerful?

Will Congress cut the agency’s budget? by Carol Thompson The Consumer Financial Protection Bureau (CFPB) has been making great strides in protecting the consumer from unscrupulous creditors, mortgage lenders, and non-bank service providers and recently issued a...
CFPB take action against military allotment processor

CFPB take action against military allotment processor

by Carol Thompson Washington’s relatively new agency, the Consumer Financial Protection Bureau, has been aggressively cracking down on those who have been taking advantage of consumers (see related story). The most recent action taken by the agency is...