CFPB data show checking accounts garner most complaints

09/17/2013 | Detroit Free Press

Issues with checking accounts are the most common type of consumer complaint to the Consumer Financial Protection Bureau, and big banks get more complaints than smaller ones, according to a study by the Public Interest Research Group in Michigan Education Fund. Looking at 19,000 complaints that the CFPB collected since March 2012, the study finds that 1 in 4 complaints ended with a consumer receiving financial compensation, with a median amount of $110.

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