Issues with checking accounts are the most common type of consumer complaint to the Consumer Financial Protection Bureau, and big banks get more complaints that smaller ones, finds a study by the Public Interest Research Group in Michigan Education Fund. Looking at 19,000 complaints that the CFPB has 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.

Full Story:
Detroit Free Press

Related Summaries