{"id":37788,"date":"2023-03-10T11:23:50","date_gmt":"2023-03-10T16:23:50","guid":{"rendered":"https:\/\/d56fg8tfg.fitnews.club\/finance\/cfpb-report-shows-complaints-rose-80-percent-in-2013\/"},"modified":"2023-03-10T11:23:50","modified_gmt":"2023-03-10T16:23:50","slug":"cfpb-report-shows-complaints-rose-80-percent-in-2013","status":"publish","type":"post","link":"https:\/\/d56fg8tfg.fitnews.club\/finance\/cfpb-report-shows-complaints-rose-80-percent-in-2013\/","title":{"rendered":"CFPB Report Shows Complaints Rose 80 Percent in 2013"},"content":{"rendered":"
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Annual Consumer Response Report Highlights CFPB Help in Getting Problems Addressed<\/em><\/strong><\/p>\n

WASHINGTON, D.C. \u2014<\/strong> The Consumer Financial Protection Bureau (CFPB) announced today that consumer complaint volume nearly doubled from 91,000 complaints received in 2012 to 163,700 complaints received in 2013. The CFPB\u2019s Consumer Response Annual Report also highlighted the many issues the CFPB is helping consumers address \u2013 from foreclosure alternatives to simply receiving better customer service. <\/p>\n

\u201cConsumer complaints have become central to the work of this agency. They enable us to listen to, and amplify, the concerns of any American who wants to be heard,\u201d said CFPB Director Richard Cordray. \u201cThey are also our compass. They make a difference by informing our work and helping us identify and prioritize problems for potential action.\u201d<\/p>\n

The 2013 Consumer Response Annual Report can be found at: https:\/\/www.consumerfinance.gov\/reports\/2013-consumer-response-annual-report\/<\/a><\/strong><\/p>\n

The Dodd-Frank Wall Street Reform and Consumer Protection Act, which created the CFPB, established the handling of consumer complaints as an integral part of the CFPB\u2019s work. When the Bureau opened its doors on July 21, 2011, it began consumer response operations the same day, accepting consumer complaints about credit cards. Since then, the Bureau has expanded its complaint handling in 2012 to include complaints about mortgages, bank accounts and services, private student loans, vehicle and other consumer loans, and credit reporting. In 2013, it began taking complaints on money transfers, debt collection, and payday loans.<\/p>\n

Today\u2019s report covers the 163,700 complaints received by the CFPB from Jan. 1, 2013 through Dec. 31, 2013. This is an 80 percent increase over the previous year\u2019s 91,000 complaints. To date, including this year, the CFPB has received more than 310,000 complaints overall. According to the report, the top three complaints in 2013 by consumers were:<\/p>\n