CFPB Issues Monthly Complaint Snapshot On Credit Reporting

On February 28, the Consumer Financial Protection Bureau released its monthly snapshot highlighting consumer complaints about credit reporting.  A copy of the CFPB's report can be found here.

Debt collection, student loan, and credit reporting were the top three most-complained about consumer financial products and services, representing about 60 percent of complaints submitted in January.  Incorrect information on a credit report was by far the most reported complaint by consumers, encompassing 76 percent of all credit reporting complaints submitted to the CFPB.  Consumers also complained about credit reporting companies' investigations and consumers' inability to obtain a report or credit score.