We’re excited to announce that we’re no longer in beta with our consumer complaint database.
We launched the beta version on June 19th publishing individual-level consumer complaint data — a first for a federal financial regulator.
First, and as promised, we are releasing consumer credit card complaint data back to December 1, 2011 in the Consumer Complaint Database.
Second, thanks to all of the great feedback and insight we’ve gotten, we are removing the database’s beta tag. While we will continue to expand functionality, data fields, and the “look and feel” of the database, after performing for three months as designed and without incident, the database is no longer a beta product.
One potential area for database expansion is the inclusion of additional products and services. Over the summer we asked for public comment on this idea and got a wide range of comments from a range of interested stakeholders. We are in the process of evaluating those comments and anticipate a final Bureau decision in early 2013.
In addition to expanding the scope of the products covered by the database we continue to evaluate, among other things, the release of consumer narratives, the potential for normalization of the data to make apples-to-apples comparisons more user friendly, and the expansion of functionality to improve user experience.
Thank you for your help in getting the tool where it is today – we’re excited for what you’ll do with the data next.
Scott Pluta is the Assistant Director for Consumer Response at the Consumer Financial Protection Bureau.