Tabs

Bank/Thrift Supervision   |    Capital    |    CFPB    |    Deposit Insurance    |    Interchange    |    Mortgage Finance
Municipal Advisors   |    OCC-OTS Merger   |    Preemption    |    QM - QRM    |    Swaps   |    Volcker Rule    |    Full Topics List
 
Qualified Mortgage - Qualified Residential Mortgage
Swaps
Consumer Financial Protection Bureau - CFPB
Bank/Thrift Holding Company Supervision
Capital
Deposit Insurance
Interchange
Mortgage Finance
Municipal Advisors
OCC-OTS Merger
Preemption
Volcker Rule
Corporate Governance
Financial Stability Oversight Council (FSOC)
Appraisals
Office of Financial Research (OFR)
Systemic Risk
Supervision and Oversight
Payment, Clearing and Settlement
Prudential Supervision
Trust & Securities
Asset-Backed Securities
Resolution Authority

Wednesday, March 23, 2016

CFPB Report Highlights Servicemember Debt Collection Complaints

Over $5 million has been returned to servicemembers through CFPB enforcement actions, according to an annual report from the Office of Servicemember Affairs. The CFPB has received over 19,000 complaints from members of the military community, nearly half of which relate to debt collection practices. Servicemembers submit debt collection complaints to the Bureau at nearly twice the rate of non-military consumers. The three most complained about products or services were debt collection, mortgages and credit reporting.

Read more.

No comments:

Post a Comment

Please read our comment policy before making a comment.