Consumer Complaints on the Rise - CFPB's Annual Complaint Report
By EsqSocial Corporation 03/05/21
As required by the Dodd-Frank Act, the Consumer Financial Protection Bureau recently provided to Congress its Consumer Response Annual Report for 2020. The report's introduction notes that, in 2020, the CFPB received more than half a million consumer complaints. This number represents a nearly 54% increase over the number of consumer complaints the CFPB received in 2019. As you might expect, the global pandemic, state and local stay-at-home orders, and businesses closing drove up consumer...
By: Hudson Cook, LLP