News & Analysis as of

Debt Collection Consumer Complaint Database

Goodwin

California Regulator Opens Licensing Application For Debt Collectors

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Debt collectors operating in California may now submit applications for licensure by the Department of Financial Protection and Innovation (DFPI) in compliance with the state’s newly enacted Debt Collection Licensing Act...more

Baker Donelson

CFPB Breaks Down State-by-State Complaints in Special Report

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Last week, in the wake of CHOICE 2.0 and continued questions regarding the constitutionality of its structure, the CFPB released a special edition of its monthly complaint report. The report contained statistical information...more

Ballard Spahr LLP

CFPB May 2017 complaint report highlights complaints from older consumers

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The CFPB has issued its May 2017 complaint report highlighting complaints from “older consumers,” who the CFPB defines as consumers who voluntarily reported their age as 62 or older.  The CFPB reports that consumers...more

Smith Debnam Narron Drake Saintsing & Myers,...

CFPB's Monthly Report Focuses on Student Loan Products

The CFPB’s most recent monthly report on consumer complaints spotlights student loans. The report is a high level snapshot of trends in consumer complaints. The Report provides a summary of the volume of complaints by product...more

Ballard Spahr LLP

CFPB April 2017 complaint report highlights student loan complaints, complaints from Nevada consumers

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The CFPB has issued its April 2017 complaint report that highlights student loan complaints. The report also highlights complaints from consumers in Nevada and the Las Vegas metro area....more

Goodwin

CFPB’s Monthly Complaint Report Spotlights Debt Collection Issues, Trends in Credit Card Complaints

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On March 28, 2017, the Consumer Financial Protection Bureau (CFPB) released Volume 21 of its Monthly Complaint Report (the “Report”). The purpose of the Report is, in part, to educate consumers and financial institutions on...more

Ballard Spahr LLP

CFPB January 2017 complaint report highlights mortgage complaints, complaints from Tennessee consumers

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The CFPB has issued its January 2017 complaint report that highlights mortgage complaints.  The report also highlights complaints from consumers in Tennessee and the Memphis and Nashville metro areas....more

Ballard Spahr LLP

CFPB October 2016 complaint report highlights prepaid card complaints, complaints from North Carolina consumers

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The CFPB has issued its October 2016 complaint report which highlights complaints about prepaid cards and complaints from consumers in North Carolina and the Charlotte metro area.  The CFPB began taking prepaid card...more

Ballard Spahr LLP

Student loan complaint update highlights IDR plan application issues

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The CFPB’s Student Loan Ombudsman has released a new “Mid-year update on student loan complaints” that highlights issues related to income-driven repayment plan (IDR) application issues. The update covers complaints...more

Locke Lord LLP

CFPB Shines its Spotlight on Prepaid Product Complaints

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As the consumer finance industry is aware, on June 25, 2015, consumer narratives became publicly available on the Consumer Financial Protection Bureau’s (CFPB) Consumer Complaint Database. As of Feb. 1, 2016, the Bureau has...more

Ballard Spahr LLP

FTC Gets 3 Million Consumer Complaints in 2015

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The Federal Trade Commission (FTC) received more than 3 million consumer complaints in 2015 with debt collection topping the list, according to its newly released Consumer Sentinel Network Data Book. The annual report, which...more

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