Here is the 7th in a few reports that review complaints to your CFPB. In this report we explore customer complaints about predatory loans, classified into the database as payday advances, installment loans, and automobile name loans.
It is our very very first are accountable to include an analysis of customer narratives or written explanations of problems вЂ” an addition to your database we advocated for with Americans for Financial Reform and accomplished last year.
This report discusses cash advance complaints from numerous angles:
- The kind of issue, such as for instance loan interest which wasnвЂ™t anticipated
- Complaints by company
- Whether and exactly how businesses taken care of immediately complaints
This report carries a part showcasing the CFPBвЂ™s top achievements. (mais…)