In its Semi-Annual Report to Congress, the CFPB highlighted significant problems faced by consumers between October 1, 2018 and March 31, 2019.
According to the CFPB, the most significant consumer issues regarding financial products or services are:
- loss of income, or unexpected
expenses, that hurt consumer credit reports;
- the increasing loan amounts taken out
by first-time home-buying service-members with guaranteed home
loans by the U.S. Department of Veteran Affairs; and
- >the struggle of consumers to pay daily and monthly finances in a timely manner.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.