Here, in a story by Byard Duncan, Sophie Sullivan and Michael Hudson. Excerpt:
A Guardian analysis of CFPB data shows that across all banks and corporations named as defendants in the now-dropped suits, the number of complaints published to the agency’s public database shot up by more than 75%.
Of the 23 financial firms named as defendants, 17 saw increases in the number of complaints against them.
Complaints published to the CFPB database against Rocket Mortgage increased more than 130% in the year after the bureau dropped a lawsuit accusing its sibling company, Rocket Homes, of using kickbacks to steer borrowers to Rocket Mortgage.
Complaints against Branch Messenger Inc, which had been accused of working with Walmart to harvest more than $10m in unfair banking fees from the big box chain’s delivery drivers, shot up 315% in the year after the case was dismissed.
