The CFPB’s database is the largest public database of federal consumer financial complaints, providing information on over 90,000 complaints regarding particular financial institutions or financial products. The database enables the public to see what types of products consumer complained about and how particular financial institutions responded. Products about which CFPB is currently collecting data include mortgages, student loans, credit cards, and other consumer loans.
Last week, we sent a letter to Sen. Kirk urging him to vote in favor of Cordray’s confirmation. Illinoisans continue to suffer the effects of predatory and deceptive financial practices. At a time when consumer debt issues have topped the list of complaints to the Illinois attorney general five years in a row, Sen. Kirk’s vote is disappointing.
There’s no two ways around it: A vote against Cordray’s confirmation is a vote for fewer protections for Illinois consumers.