According to a new CFPB report, at-risk student loan borrowers are struggling with repayment, even with options to help them available.
Record Student Debt Spurring Employers to Offer Student Loan Repayment Benefits
Report Provides National and State-by-State Overviews of the Complaints Submitted to the Bureau
Consumer Financial Protection Bureau Study Finds Consumers in Lower-income Areas are More Likely to Become Credit Visible Due to Negative Records
Consumers In Higher-Income Areas More Likely Than Those in Lower-Income Areas to Establish Credit with a Credit Card or Co-Borrower
Report Shows Older Consumers Report Problems with Reverse Mortgages, Scams, Credit Cards, and Add-On Products
Report Also Looks at Consumer Complaints from Nevada
Welcome to this meeting of the Community Bank Advisory Council. We created this Council almost five years ago because we wanted to ensure that we have a consistent way to hear directly from Community banks about what they are seeing and hearing in their communities and about how our work is affecting their businesses.
We recently published our Consumer Response Annual Report, which provides an overview of the complaints we received in 2016.
Report Also Looks at Consumer Complaints from Massachusetts
Bureau’s $1.75 Million Civil Penalty for Persistent and Substantial Reporting Errors is the CFPB’s Largest Penalty to Date for HMDA Violations