CFPB complaints about auto debt collection on the rise

Total product complaints are up 19% YoY in the first 3 months of 2022

Photographer: Ting Shen/Bloomberg

Auto debt collection complaints trended upward in January and February as the Consumer Financial Protection Bureau (CFPB) continues to closely monitor repossession activity amid elevated vehicle values. In January, auto debt complaints grew 11% year over year to 252 complaints for the month, according to the CFPB. Total debt collection complaints also inched up 1% […]

Already subscribed? Click below.

Exit mobile version