TS CFPB Advisory:CFPB Files First Consumer Response Annual Report

On April 6, 2012, the Consumer Financial Protection Bureau (CFPB) released its Annual Report on Consumer Complaints (the Report). The CFPB began accepting consumer complaints about credit cards on July 21, 2011, mortgage complaints on December 1, 2011, and complaints about bank products and services, private student loans, and other consumer loans on March 1, 2012. The CFPB anticipates accepting complaints about non-depository institutions by the end of 2012.

To read the full Troutman Sanders CFPB Advisory, click here.