Washington, DC – SEP 23, 2021 – The Consumer Financial Protection Bureau (CFPB) today released its first in-depth report analyzing complaint submission patterns by U.S. Census tract. The report, “Consumer complaints throughout the credit life cycle, by demographic characteristics,” finds that the complaints from wealthier communities and communities with higher percentages of white, non-Hispanic residents were more frequently about loan origination and performing servicing, while the complaints from communities of color and lower income communities were more frequently about credit reporting, identity theft, and delinquent servicing.
More Stories
Convicted Poker Champ, Car Dealer and Alleged Cartel Victim to Pay Restitution… with Future Poker Winnings
Ten Cars, Eight Days, One Waitress – Another Miami Bust Out Fraud Arrest
Luxury Lies: Inside a Cross-Country Auto Fraud Scheme