Feds seek to air consumer finance complaints - KSWO, Lawton, OK- Wichita Falls, TX: News, Weather, Sports. ABC, 24/7, Telemundo -

Feds seek to air consumer finance complaints

Posted: Updated:
By JEFF HORWITZ
Associated Press

WASHINGTON (AP) - The federal Consumer Financial Protection Bureau has heard from hundreds of thousands of consumers who feel wronged by banks and finance companies. Now the agency wants the public to hear from those consumers, too.

On Wednesday, the Bureau proposed allowing consumers to publish online the details of their complaints against lenders and financial service providers. Those narratives would augment the Bureau's consumer complaint database, which lists complaints about checking accounts, credit cards, student loans and other financial products.

Agency director Richard Cordray said the proposal would give "consumers an opportunity to be heard by the entire world and not simply by a government agency and its officials." Cordray's remarks were prepared for a Thursday event in El Paso, Texas.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by WorldNow
KSWO-TV, 1401 SE 60th Street
Lawton, OK 73501

Telephone: (580) 355-7000
Fax: (580) 357-3811
Email: news@kswo.com

All content © Copyright 2000 - 2014 Worldnow and KSWO. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.