About 13% of all complaints were related to applying for a loan or refinancing an existing one. Most of these issues stemmed from an attempt to communicate with the company to fix some kind of an application issue.
The Consumer Financial Protection Bureau finalized a rule prohibiting lenders from considering unpaid medical bills in credit evaluations for mortgages, car loans, or business loans.
The final rule grants consumers full control over their financial data, giving them the right to share this information with third parties of their choice, fostering a competitive landscape.
