Congress to consider changes to controversial CFPB complaint database

CFPB to Drop Public Complaints The rulemaking process is a contentious battle, where powerful special interests mobilize thousands of lawyers and PR flacks to delay or kill efforts to protect consumer, worker and community health and safety or to make markets work. So, we fight back. Yesterday, we urged the CFPB to add consumer stories to its Public Consumer Complaint Database.

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CFPB’s Scrutiny Of Complaint Reporting May Signal Shift. Complaints collected by the CFPB may be used to inform investigations and enforcement actions, but the agency also publishes a number of reports aggregating data from the complaints and analyzing trends. Some of these reports must be produced periodically for Congress and the White House,

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The new Congress. consider in the new year, such as updates to the Consumer Financial Protection Bureau’s consumer complaint database. This database was established as a platform for consumers to.

including making significant changes to the CFPB’s leadership structure and eliminating the CFPB’s controversial complaint database. But those efforts pale in comparison to a pair of matching bills.

News. Recent Posts.. Senate is to consider a bill that would establish new rules for lenders and servicers. Read More >> Congress To Consider Changes To Controversial CFPB Compliant Database. New bill would require verification of compliant details. Read More >>.

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What Happens if the CFPB Arbitration Rule Isn’t Overturned? – Ten Practical Tips to Think About Now . August 8, 2017 Since the CFPB issued its Arbitration Rule in July, most commentators have focused onways the rule may be blocked from going into effect. Chief among these is the possibility that Congress will vote to

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The CFPB accepts complaints about many financial products and services, including mortgages, credit cards, auto loans, student loans, deposit accounts, debt collection, credit reporting, payday loans, consumer loans, and more. As of March 1, 2017, we have handled over 1,136,000 consumer complaints.

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The CFPB. change its performance review system, including refunding certain employees a collective total of at least $5 million for receiving lower evaluation scores in recent years. It has also.