The Consumer Financial Protection Bureau (CFPB) has revealed that it is able to secure monetary relief for one out of every four consumers it assists with bank complaints, Pittsburgh Post-Gazette reported on September 18.
The figures are courtesy of a new release by the CFPB that examined how the agency has handled complaints about banks in the 18 months it has been offering the service.
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Since March 2012, 5,000 complaints have received payment from banks to settle disputes. The median amount received by claimants was $110.
For more statistics from the CFPB, read the full report summary here.
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