United States:
CFPB Reports On Issues Faced By Consumers
23 October 2019
Cadwalader, Wickersham & Taft LLP
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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.
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