CFPB monthly complaint snapshot

The Consumer Financial Protection Bureau has released its latest monthly consumer complaint snapshot, highlighting consumer complaints about financial services such as debt settlement, check cashing, money orders, and credit repair.

The report shows that consumer complaints about these types of financial services generally revolve around issues of fraud or problems with reliable customer service. It snapshot also highlights trends seen in complaints coming from New York State and the New York metro area.

As of Jan. 1, 2016, the Bureau has handled over 790,000 complaints across all products.

The CFPB report is here. The press release provides a summary.

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