Debt collection, mortgages and credit reporting issues continued to dominate complaints filed with the CFPB in March, the agency said in its monthly compilation of complaints.
Those three issues represented 69% of the complaints filed in March, the agency reported.
Ironically, complaints about payday loans showed the largest decrease from January to March 2016 compared to the same time period in 2015 – a 14% decrease. That drop in complaints coincides with the agency's preparations to issue regulations governing payday lenders in an effort to crack down on abuse.
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