All Consuming - Financial Litigation Insights, Volume 2, Issue 7
By EsqSocial Corporation 08/04/21
Consumer Complaints to the CFPB for 2020 Up 54 Percent Over Previous Year - "The CFPB handled about 542,300 complaints last year – a nearly 54 percent increase over the 352,400 complaints handled in 2019." Why this is important: Clearly, the COVID-19 pandemic influenced the increase in complaints according to the CFPB's recently issued report, “Consumer Response Annual Report January 1 – December 31, 2020.” The report describes issues consumers reported to the CFPB in 2020. As in the past,...
By: Spilman Thomas & Battle, PLLC