CFPB's New Financial Products Complaint Site Goes Live Today

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Posted To: MND NewsWire

Starting today consumers will be able to track complaints about products and services levied by other consumers against some 450 financial services companies. The Consumer Financial Protection Bureau (CFPB) will go live with what they are calling the nation's largest public database of federal consumer financial complaints, covering some 90,000 individual complaints regarding mortgages, student loans, bank accounts and services, The searchable data base, an expansion of an earlier complaint site which covered only about 19,000 credit card complaints, includes information on what customers complained about, when, and why as well as how the company responded to the complaint, whether the response was timely and if the consumer disputed it. There is no identifying consumer data included in the...(read more)

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Source: http://www.mortgagenewsdaily.com/03282013_cfpb_consumer_complaints.asp

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