Congress to consider changes to controversial CFPB complaint database

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CFPB and its public complaint database from anti-consumer forces. Mandatory binding arbitration/class ac-tions: As part of the Fair Arbitration Now coalition of over 300 consumer, civil rights, labor, community and non-profit organiza-tions, Consumer Action fought diligently to uphold a CFPB.

Congress To Consider Changes To Controversial CFPB Compliant Database June 15, 2016 When the Consumer financial protection bureau began publishing consumers‘ complaints against financial services companies several years ago, many of those companies and other industry observers took issue with the fact that the complaints were, in many cases, unverified and unproven.

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Specifically, per the legislation text, Salmon’s bill would require the CFPB to "verify any consumer complaint information.where the complaint alleges a violation of a law, regulation, or.

What Is the CFPB Consumer Complaint Database and How Can You Use It? In 2010, Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act in response to the financial crisis of 2008.

What Happens if the CFPB Arbitration Rule Isn’t Overturned? – Ten Practical Tips to Think About Now . August 8, 2017 Since the CFPB issued its Arbitration Rule in July, most commentators have focused onways the rule may be blocked from going into effect. Chief among these is the possibility that Congress will vote to

But that could be about to change, thanks to a new bill that Congress is set to consider soon. The new bill, entitled the CFPB Data Accountability Act, was introduced into the House of Representatives last week by Rep. Matt Salmon, R-AZ, who said that the CFPB’s database, in its current format, is confusing to consumers and is not as usable.

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